RAK Petroleum Announces Board Appointments

RAS AL KHAIMAH, UAE, May 25, 2010 - RAK Petroleum Public Company Limited, the oil and gas exploration and
production company, announced that Bijan Mossavar-Rahmani has been named
Chairman of the Board of Directors and Chief Executive Officer. Mr.
Mossavar-Rahmani was previously Chairman of the Executive Committee of the
Board of Directors and Managing Director. He succeeds Abdul Aziz Al Ghurair
who stepped down after four years as the Board Chairman.

"I am pleased to continue to serve our shareholders in this new role and
grateful to my predecessor for his leadership during the Company's startup
phase," Mr. Mossavar-Rahmani said. "Mr. Al Ghurair has offered to continue to
provide support to RAK Petroleum and my colleagues on the Board and I look
forward to his ongoing association with the Company," Mr. Mossavar-Rahmani
added.

The Board also named two others to its ranks, Ambassador Zalmay Khalilzad
and Amir Ali Handjani. Ambassador Khalilzad is Chairman of Khalilzad
Associates LLC, having previously served as US Ambassador to the United
Nations, Iraq and Afghanistan. Mr. Handjani is a Director of Taylor-DeJongh
International and was formerly General Counsel of RAK Petroleum.

Other members of the Board of Directors are Sheikh Khalid Bin Saqr Al
Qassimi (Vice Chairman and Managing Director of GIBCA Group), Ahmed Jamal
Jawa (CEO of Starling Holding Ltd.), Ali Samir Al Shihabi (Chairman of
Rasmala) and Saeed Khoory (Group Chief Executive of Emirates National Oil
Company).

RAK Petroleum Public Company Limited is registered in the Free Trade Zone
of the Emirate of Ras Al Khaimah and is operator of seven blocks in the
Sultanate of Oman and in the United Arab Emirates, of which one is in the
production phase, three are in the exploration phase, and three are
undergoing appraisal for possible development/redevelopment. The Company also
holds a non-operated stake in an offshore exploration license in the Tunisian
Republic. RAK Petroleum holds a 30 percent shareholding in the listed
Norwegian company DNO International ASA which operates oil fields in the
Kurdistan Region of Iraq and the Republic of Yemen in addition to an active
exploration program in several other countries.

    Media enquiries please contact:
    Ms. Katherine D'Arcy
    RAK Petroleum Public Company Limited
    Tel: +971-4-293-2000
    Fax: +971-4-293-2001
    Email: katherine.darcy@rakpetroleum.ae

    Mr. Mustafa Alrawi
    M: Communications
    Tel: +971-50-657-5945
    Email: alrawi@mcomgroup.com

Media enquiries please contact: Ms. Katherine D'Arcy, RAK Petroleum Public Company Limited, Tel: +971-4-293-2000, Fax: +971-4-293-2001, Email: katherine.darcy at rakpetroleum.ae; Mr. Mustafa Alrawi, M: Communications, Tel: +971-50-657-5945, Email: alrawi at mcomgroup.com