Loan Stock Conversion and Issue of Equity

Nostra Terra Oil and Gas Company plc ('NTOG' or the 'Company') Loan Stock Conversion and Issue of Equity 26 September 2007 At a meeting of the Board held on 26 September 2007 the Board approved the conversion of £57,500 of convertible loan stock created by the loan stock instrument dated 25 June 2007 - which created £327,679.38 of convertible loan stock (as referred to in the Company's AIM admission document). This conversion, which has converted £57,500 of convertible loan stock into ordinary shares in the Company at a rate of one new ordinary share for every 2 pence of the converted loan stock, has resulted in the issue and allotment of 2,875,000 new ordinary shares in the Company. The conversion has created no new notifiable interests in the Company, nor has it moved any shareholders with a notifiable interest through a disclosable percentage threshold. Following the issue and allotment of the new ordinary shares, the Company has 326,424,522 ordinary shares of 0.1p in issue. Application has been made for the new ordinary shares to be admitted to trading on AIM on 2 October 2007. For further information contact: Nostra Terra Oil and Gas Company plc Brain Courtney, Chief Executive Officer bcourtney@ntog.co.uk Stephen Oakes, Non-executive Director Tel: +44 (0)207 877 8788 ARM Corporate Finance Limited Tel: +44 (0)20 7512 0191 Alan MacKenzie Ben Jeynes