Exercise of options

19 Jul 2007 14:15

Meridian Petroleum PLC19 July 2007 19 June 2007 Meridian Petroleum plc (the 'Company') Exercise of Options The Company today announces that it has issued and allotted 65,000 ordinaryshares of 5 pence each ('Ordinary Shares') at a price of 10 pence per share,pursuant to the exercise of share options by a former director of the Company. The shares will rank pari passu with the existing Ordinary Shares of in theCompany and trading of these shares on AIM is expected to commence on 25 July2007. The total number of Ordinary Shares in issue following this exercise of optionsis 96,560,963. ENDS For further information contact: Meridian Petroleum Plc Ambrian Partners Parkgreen CommunicationsStephen Gutteridge, Neil Maclachlan / Tim Clare Irvine / EricaChairman Goodman Nelson+44 (0) 20 78110140 +44 (0) 20 7776 6400 +44 (0) 20 7851 7480Tony Mason, CEO+1 713 599 1611 This information is provided by RNS The company news service from the London Stock Exchange