Magnolia Petroleum Plc / Index: AIM / Epic: MAGP / Sector: Oil & Gas 28 January 2013 Magnolia Petroleum Plc (Magnolia or the Company) Directors Dealings Magnolia Petroleum Plc, the AIM quoted US onshore oil and gas exploration and production company, received notification on 25 January 2013 that Steven Snead, the CEO, Ronald Harwood, a non-executive director, and Gavin Burnell, a non-executive director, have each made the following purchases in the ordinary shares of the Company: Director Date of Purchase Ordinary Shares Purchased Price paid Subsequent Holding % of Issued Share Capital Steven Snead 25 Jan 2013 500,000 2.9p 200,415,998 23.56 Ronald Harwood 24 Jan 2013 850,000 2.9p 30,582,426 3.60 Gavin Burnell 25 Jan 2013 200,000 2.92p 14,385,797 1.69
**ENDS** For further information on Magnolia Petroleum Plc visit www.magnoliapetroleum.com or contact the following: Steven Snead Magnolia Petroleum Plc +01 918 449 8750 Rita Whittington Magnolia Petroleum Plc +01 918 449 8750 Antony Legge/James Thomas Daniel Stewart & Company Plc +44 (0) 20 7776 6550 John Howes/John-Henry Wicks Northland Capital Partners Limited +44 (0) 20 7796 8800 Lottie Brocklehurst St Brides Media and Finance Ltd +44 (0) 20 7236 1177 Frank Buhagiar St Brides Media and Finance Ltd +44 (0) 20 7236 1177
Notes Magnolia Petroleum Plc is an AIM quoted, US focused, oil and gas exploration and production company.

Its portfolio includes interests in 90 producing and non-producing assets, primarily located in the highly productive Bakken/Three Forks Sanish hydrocarbon formations in North Dakota as well as the oil rich Mississippi Lime and the substantial and proven Woodford and Hunton formations in Oklahoma. Summary of Wells Category Number of wells Producing 90 Being Drilled/Completed 15 Elected to participate/waiting to spud 17 TOTAL 122
This summary excludes four out of six wells acquired as part of the acquisition of 800 gross acres with a 100% working interest in Osage County, Oklahoma, as announced on 10 February 2012.

These four wells are currently shut in and will require a workover programme at some point in the future to bring back into production.
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