MAX PETROLEUM PLC (United Kingdom) announces accomplishing of deal under second tranche of SB Sberbank of Russia (Kazakhstan) credit facility

/KASE, March 29, 13/ – MAX PETROLEUM PLC (London), whose securities are officially listed at Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of March 28, 2013: quote Max Petroleum Plc a company focused on exploration and production of oil and gas whose operations are mainly carried out in the Republic of Kazakhstan is pleased to announce accomplishment of a deal under the final tranche to the amount of USD30 mln of the Credit Facility with the preemptive right of claim, from SB JSC "Sberbank" (hereinafter "Sberbank credit facility"), allowing the Company to use proceeds from Sberbank credit facility to the total amount of USD90 mln. The company used funds received under the second tranche of Sberbank credit facility for paying USD3 mln to Macquarie Bank Limited ("Macquarie") as full redemption of remaining debt liabilities within the debt restructuring, announced on November 27, 2012 (hereinafter "Restructuring") and around USD3.4 mln to some holders of convertible bonds of the Company to the total amount of USD85.6 mln with an interest rate of 6.75%, who proposed to buy back their bonds for cash under the Restructuring. Remaining available funds under Sberbank credit facility will be used for partial financing of the Company's continuous drilling program and associated expenses. Contacts: Max Petroleum Plc Michael Young, President and Chief financial director Tom Randall, Director for Investor relations tel.+44 (0)207 355 9590 College Hill David Simonson/ Anka Spiridon tel. +44 (0)207 457 2020 WH Ireland Ltd Daniel Beit / Kathy Mitchell tel. +44 (0)161 832 2174 Macquarie Capital Stephen Baldwin / Geoffry Old / Nicolas Harland tel. +44 (0)203 037 2000 Oriel Securities Michael Show / Ashton Clanfield tel. +44 (0)207 710 7600 unquote [2013-03-29]