PRESS RELEASE

31 JULY 2009

RAMCO ENERGY PLC
(“Ramco” or the “Company”)

Exercise of Share Options

Ramco, the Aberdeen-based energy investment company, announces that, following the exercise of 70,000 share options by a former employee, it has allotted and issued, conditional upon admission to the AIM market, 70,000 new ordinary shares ("New Ordinary Shares") of 10p each.

The exercise of the share options, which were granted, under the Company Share Option Plan in July 2005 at a price of 34p per share, results in the Company receiving £23,800 as proceeds of the exercise.

Application will be made for the New Ordinary Shares to be admitted to AIM and dealings are expected to commence on 6 August 2009.

Following the issue of the New Ordinary Shares, the total number of issued ordinary shares in the Company will be 53,089,279.

ENQUIRIES:

Ramco Energy plc    Tel: 01224 748480
Chris Moar, Finance Director

Ambrian Partners Limited   Tel: 020 7634 4700
Andrew Craig, NOMAD

Ramco Energy plc
Britannia House
Endeavour Drive
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6UF
United Kingdom
Tel: +44 (0)1224 748480
Fax: +44 (0)1224 748481