Matra Petroleum Appoints Exploration Director

Matra Petroleum has appointed Dr. Neil Andrew Hodgson as Exploration Director effective from May 23, 2006. Neil graduated with a first class honors degree in Geology from Manchester University and subsequently gained a PhD in Geochemistry from Leicester University.

Neil is 44 and has 20 years experience and a proven track record of discovering hydrocarbons in many parts of the world. Neil began his career with BP and moved on to British Gas becoming Exploration Manager for Egypt where BG realized some of its biggest exploration successes.

Most recently Neil was General Manager of Exploration for Premier Oil in London, managing a team of geoscientists and building a diverse international portfolio that has again delivered exploration success.

Commenting on Dr Hodgson's appointment, Peter Hind Matra's Managing Director said "We are very fortunate to secure a proven industry professional of Neil's caliber and gratifying to see Neil's confidence in Matra's assets and strategy and I look forward to working with him."

As part of Dr. Hodgson's remuneration and incentive package the board has granted Dr. Hodgson 1,200,000 options to purchase ordinary shares at a price of 0.1p/ share and 3,600,000 options to purchase ordinary shares at a price of 5p/share, exercisable 12 months after the date of grant. A further 2,400,000 options to purchase ordinary shares at a price of 5p/share have been granted exercisable 24 months after the date of grant. All options expire 5 years after the date of grant.

Dr. Hodgson is not currently and has not been within the last five years either a director of any other company or a partner in any business partnership. Furthermore he has not been involved in any of the matters which require disclosure pursuant to clause (g) of schedule 2 to the AIM rules.