Rose Petroleum plc

Issue of Shares

22-June-2007

Issue of Shares

The Directors are pleased to announce the issuance of 1,000,000 ordinary shares of 10p each in the Company ('Shares') to Robert Jeffcock, a non executive director of the Company, pursuant to the exercise of options, notified to the Company on 14 June 2007. Mr Jeffcock is now the beneficial holder of 6,893,397 Shares or approximately 4.47% of the issued share capital of the Company.

Application has been made to the AIM Market of the London Stock Exchange ('AIM') for the Shares to be admitted to trading on AIM ('Admission') and Admission is expected to occur at 8.00 a.m. on 29 June 2007.

Following this issue VANE has 154,393,823 Shares in issue with 154,393,823 voting rights.