MEO Names New Non-Executive Director

MEO Australia Limited has appointed Greg Short to the Board of Directors as a Non-Executive Director,
effective immediately.

Short retired from Exxon-Mobil in 2006 after a 33 year career. He joined Esso initially as a production and operations geologist in Australia and Malaysia, rapidly advancing to supervisory and management positions. In the 1980s he managed Production Geoscience for Esso Australia through major developments of several Gippsland Basin oil and gas fields. Short spent the last 15 years overseas in management assignments that included Exploration Manager for USA, Chad and Nigeria and spent 7 years in Angola as Geoscience Director.

Significantly his career included participating in and/or managing major oil and gas projects in Australia, Malaysia, Chad, Nigeria and Angola from exploration through development and production startup.

MEO Australia Limited has also announced and accepted the resignation of James Willis as a Non-Executive
Director with immediate effect. The Board has waived the requisite 30-day notice period. On behalf of the Company's shareholders, the Board thanks Willis for his substantial contribution over the past eleven years.