Update on Second Tranche of Placing

Altona Energy Plc

("Altona" or "the Company")

Update on Second Tranche of Placing

Further to the announcement on 30 December 2013 regarding the issue of equity to Wintask Group Limited ("Wintask"), Altona is pleased to announce that Wintask has satisfied its due diligence requirements and is in the process of transferring the funds.

To date the Company has received £1.78 million of the £2.38million outstanding under the terms of the placing agreement. A further announcement regarding the admission of new shares to trading on AIM and receipt of the remaining funds will be made in due course.

Altona Energy Plc +44 (0) 20 7024 8391

Christopher Lambert, Chief Executive Officer

Peter Fagiano, Executive Director

WH Ireland Ltd +44 (0) 20 7220 1666

Adrian Hadden

James Bavister

Old Park Lane Capital Plc +44 (0) 20 7493 8188

Michael Parnes

Tavistock Communications +44 (0) 20 7920 3150

Mike Bartlett

Simon Hudson