Adriatic Oil Plc 14 July 2014 ("Adriatic" or the "Company") Board Changes The Board of Adriatic Oil Plc would like to announce the resignation of Mr Jack Wilson as Non-executive Chairman from the Board of Directors of Adriatic Oil Plc. He has been Non-executive Chairman since 2009. Mr Wilson has been in ill health for the past six months and has resigned with immediate effect. The Board would like to thank Jack Wilson for his great efforts during his time with the Company and would like to wish him the very best for the future. Mr Frank Wilson has been appointed as Non-executive Director. Mr Wilson has an investment background specialising in small and mid-cap European equities and has a BSc from Newcastle University. He will also represent the Wilson family interest in the Company. The Wilson family combined interest in the Company amounts to 44,931,887 Ordinary Shares (representing 44,931,887 voting rights), which represents 13.48% of the voting rights in the issued ordinary share capital of the Company. The aforementioned 44,931,887 Ordinary Shares include 3,181,887 Ordinary Shares beneficially held by Frank EB Wilson, who is a member of the Wilson family (as defined in the ISDX Growth Market Rules for Issuers). Jack Wilson continues to be beneficially interested in 41,750,000 Ordinary Shares (representing 41,750,000 voting rights). THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILTY FOR THE CONTENTS OF THIS ANNOUNCEMENT Enquiries: Adriatic Oil Plc Bruno Müller 0044 (0) 20 3178 4060 SVS Securities - ISDX Growth Market Corporate Adviser 0044 (0) 20 7638 5600 NOTES TO EDITORS: Adriatic Oil Plc is a publicly quoted UK-incorporated international oil and gas exploration company with a portfolio of activities focused on the North Celtic Sea and the Adriatic Sea Basin. In the North Celtic Sea, the Company has agreed with Fastnet Oil & Gas plc to farm-out 64.5% of its original 80% interest in a Licensing Option which covers an area of 881 sq.km. Adriatic holds 15.5% of the Licensing Option. The Company has a second small carried interest in offshore Western Ireland. Adriatic Oil is also focused on making and progressing applications for offshore exploration opportunities in Italy and Albania. The Company has been awarded offshore licence d 173 A.R-.AD in the Italian Northern Adriatic offshore the Italian town of Rimini. Adriatic Oil's strategy is to add shareholder value by proving and developing leads and plays in areas which the Directors of the Company consider to be high potential oil and gas provinces. Adriatic Oil's ordinary shares are quoted on the ISDX Growth Market (operated by ICAP Securities & Derivatives Exchange Limited) under the ticker symbol "ADOP". The Company's website is available atwww.adriaticoil.com. END END
ADRIATIC OIL PLC: Directorate Change
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