Penn Virginia Corporation Declares Dividend

Penn Virginia Corporation (NYSE: PVA) announced today that its Board of Directors declared a regular quarterly dividend of $0.05625 per share, payable June 1, 2012 to shareholders of record at the close of business on May 16, 2012. This will be PVA’s 461st consecutive quarterly dividend payment.

Penn Virginia Corporation (NYSE: PVA) is an independent oil and gas company engaged primarily in the development, exploration and production of natural gas and oil in various domestic onshore regions including Texas, Appalachia, the Mid-Continent and Mississippi.

For more information, please visit our website at www.pennvirginia.com.

Contacts:

Penn Virginia Corporation
James W. Dean
Vice President, Corporate Development
Ph: 610-687-7531
Fax: 610-687-3688
E-Mail: invest@pennvirginia.com
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