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Magnolia Petroleum Plc - Results of General Meetings

22 June 2018

/ Index: AIM / Epic: MAGP / Sector: Oil & GasMagnolia Petroleum Plc

(‘Magnolia’ or ‘the Company’)Magnolia Petroleum plc

Results of General Meetings

, the US focused oil and gas exploration announces that, at the general meeting held today in respect of approving the disposal of assets and at the adjourned general meeting in respect of cancellation, all resolutions were duly passed.Magnolia Petroleum plc

The resolution approving the cancellation of the Company's ordinary shares to trading on AIM was conditional on the approval of not less than 75 per cent. of the votes cast by shareholders. As a result of passing the resolution, the last day of dealings in the Company's ordinary shares on AIM will be and the cancellation will take effect from on .29 June 201807:00 a.m. (GMT)2 July 2018

Further, following shareholder approval to dispose of assets, the Company will immediately proceed with the disposal of the and assets, as previously announced.OklahomaNorth Dakota

On , the Company announced there was a risk that it would not be able to publish its audited financial information for the year to by .  It now confirms that this is the case.6 June 201831 December 201730 June 2018

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

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For further information on visit or contact the following:Magnolia Petroleum Plcwww.magnoliapetroleum.com

Rita Whittington          Magnolia Petroleum Plc       +01918449 8750

Jo Turner / James Caithie Cairn Financial Advisers LLP +44207213 0880

Daniel Gee                Cornhill Capital Limited     +44207710 9610

Lottie Wadham             St Brides Partners Ltd       +44207236 1177

Frank Buhagiar            St Brides Partners Ltd       +44207236 1177

Quick facts: Magnolia Petroleum PLC

Price: -

Market: AIM
Market Cap: -

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