Restriction Notice Update

PetroNeft Resources plc ('PetroNeft' or 'the Company')

Restriction Notice Update

The Company has now received a response from Natlata Partners Limited ("Natlata") to the information request issued to Natlata on 17 March 2016. Based on the responses provided, the restriction notice issued by the Company to Natlata on 1 April 2016 has been cancelled and will not come into effect following the expiry of a 14-day period.

Contacts

Paul Dowling, CFO, PetroNeft Resources plc

+353 1 6470280

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