Alexey Pertin, CEO of JSC Smart Holding UA and Denis Rudev, First Deputy Chief Executive Officer for Finance of JSC Smart Holding UA appointed to the Board of Regal Petroleum plc.

Mr Pertin has been appointed as a Non-Executive Director and Mr Rudev has been appointed as an Executive Director.

Early on 28 March 2011 it was announced thatAlexey Timofeyev, First Deputy Chief Executive Officer for Corporate Development and Asset of JSC Smart Holding UA, was appointed to the Board of Regal Petroleum plc. Mr. Timofeyev will also be appointed CEO of Regal Petroleum plc after obtaining a British work permit.

The Relationship Agreement signed between Regal Petroleum plc and Energees Investments and JSC Smart Holding UA provides Energees Investments with the right to nominate 3 representatives to be appointed as Directors of Regal Petroleum plc.