Result of AGM

Petroceltic International plc ("Petroceltic" or the "Company")

Result of Annual General Meeting

The Company is pleased to announce that resolutions 1 to 4 proposed at the Annual General Meeting held on 1 June 2010 were duly passed.

Resolution 5 (to Dis-apply Pre-emption Rights) was passed on a show of hands but was defeated on a poll that was called by the Chairman as, being a special resolution, it required shareholders holding at least 75% of the shares that were voted at the meeting to vote in favour. The votes cast on the poll on resolution 5 are set out below:

Enquiries

Brian O'Cathain/ Alan McGettigan, Petroceltic International Tel: +353 (1) 421 8300

Philip Dennis /Klara Kaczmarek, Pelham Bell Pottinger Tel: +44 20 7861 3919

Joe Murray / Joe Heron, Murray Consultants Tel: +353 (1) 4980300

Hugh McCutcheon / John Frain, Davy Tel: +353 (1) 679 6363