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Max Petroleum Plc

(the "Company")

Holdings in Company

16 January 2013

On 15 January 2013, the Company received notification that, as of 31 December 2012, GLG Partners LP ("GLG") held a legal interest in 285,535,117 ordinary shares in the Company ("Ordinary Shares") consisting of 284,029,578 Ordinary Shares and a warrant entitling GLG to acquire a further 1,505,539 Ordinary Shares at an exercise price of 5p per share. If these warrants were exercised (and assuming no other convertible bonds, warrants or options in the Company were exercised) the resulting holding ofGLG would represent 16.2% of the then issued share capital of the Company.

Enquiries:

Max Petroleum Plc

Michael Young

President and Chief Financial Officer

Tel: +44 (0)207 355 9590


Tom Randell

Director of Investor Relations


College Hill

David Simonson/ Anca Spiridon

Tel: +44 (0)207 457 2020

WH Ireland Ltd

Daniel Bate / Katy Mitchell

Tel: +44 (0)161 832 2174

Macquarie Capital

Steve Baldwin/ Jeffrey Auld/ Nicholas Harland

Tel: +44 (0)203 037 2000

Oriel Securities

Michael Shaw / Ashton Clanfield

Tel: +44 (0)207 710 7600




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