Appointment of Joint Broker

PetroNeft announces that it has appointed Canaccord Adams as its joint broker with immediate effect.

Davy continues to act as joint broker, nominated adviser and IEX adviser for PetroNeft.

End

Dennis Francis, CEO, PetroNeft Resources plc,
+1 713 988 2500

Paul Dowling, CFO, PetroNeft Resources plc
+353 1 4433720

Nick Elwes/Paddy Blewer, College Hill
+44 207 457 2020