FOR IMMEDIATE RELEASE

30 August 2012
Company Announcements Office
ASX Limited,
Level 4, Exchange Centre,
20 Bridge Street, SYDNEY NSW 2000
Dear Sir/Madam

Pan Pacific Petroleum NL ACN 000 749 799 (ASX: PPP): Indicative Timetable for Return of Capital

Further to the ASX announcement on 29 August 2012 by Pan Pacific Petroleum NL ACN 000 749 799 (ASX: PPP) (Company or PPP) with respect to a $0.05 per share return of capital to the Company's shareholders, set out below is an Indicative Timetable* for the proposed return of capital:

* PPP reserves the right to vary these dates and times. All dates and times refer to Australian Eastern

Standard Time. PPP will make an announcement to ASX of any changes if they occur. Yours faithfully

Kim Ware

Company Secretary

Pan Pacific Petroleum NL ACN 000 749 799

Level 3, 123 Walker Street, North Sydney 2060 Australia

Tel: +61 2 9957 2177 Fax: +61 2 9925 0564 www.panpacpetroleum.com.au

distributed by