Rose Petroleum plc

Statement re: possible equity fund raising

14-May-2015

Rose Petroleum plc, the AIM-listed (AIM: ROSE) natural resources company, notes recent media speculation and advises that the Company is currently exploring raising additional funds by way of a possible placing of new shares to finance its drilling and exploration programme, including for up to six wells in its Mancos licence area. The amount to be raised and the issue price of any new shares has not yet been determined whilst discussions with investors are ongoing, but funds of between £3 million and £5 million have been indicated.

A further announcement will be made as and when appropriate.