MTA Matra

TIDMMTA

RNS Number : 4257F

Matra Petroleum PLC

14 June 2012

14 June 2012

Matra Petroleum plc

("Matra" or the "Company")

Result of annual general meeting

At the Company's annual general meeting today, all resolutions were duly passed.

In addition, CEO Maxim Barskiy updated the meeting on his longer term strategy for the group, building on Matra's existing 100% owned asset in the Sokolovskoe field, Orenburg, Russia and considering expansion opportunities both in Russia, focused on specific economic development areas, and internationally. He also introduced certain new members who are joining the Company's operational team.

On the Company's 100% owned Sokolovskoe field, Well A-13 flow rates are progressing towards a stable level, as expected. The board plans to prioritise running additional 3-D seismic data over the full field ahead of drilling the next well, to give greater confidence on future well locations and full field development.

For further information, please contact:

Matra Petroleum plc c/o Pelham Bell Pottinger

Henry Lerwill

+44 (2)20 7861 3169

Fox-Davies Capital Limited

Barry Saint (nominated adviser)

Daniel Fox-Davies/ Richard Hail

+44 (0)20 3463 5010

END

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END

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