APPLICATION FOR ADMISSION OF NEW SHARES

 23 June 2014

PRESIDENT ENERGY PLC

("President" or "the Company")

Application for admission of new shares

President (AIM: PPC.L), the UK AIM listed oil and gas company, focused on exploration licences in Paraguay and producing licences in Argentina and Louisiana, USA, announces that application has been made to the London Stock Exchange for 11,129,935 new ordinary shares of 1p each in the Company ("Shares") to be admitted to trading on AIM (the "Admission").

10,206,858 Shares are to be admitted following the completion earlier today of the acquisition of the entire issued share capital of LCH SA ("LCH"), details of which were announced on 10 June 2014. LCH is a Paraguayan company which has a carried 5% Participating Interest in the Pirity Concession and such Shares are being issued to the selling shareholders of LCH as consideration for the acquisition of the company.

In addition, holders of warrants in President have exercised them in full ahead of the expiration of their term, thereby acquiring 923,077 Shares. The warrants have an exercise price of 32.5p and were issued in connection with President's acquisition of its Argentine concession interests in July 2011.

It is expected that Admission will become effective and trading will commence at 8:00am on 24 June 2014. All of the Shares will rank pari passu with the Company's existing ordinary shares in issue.

Following Admission, the Company's enlarged issued share capital will comprise 406,711,698 ordinary shares. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine their percentage ownership, if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

President Energy PLC

Peter Levine, Exec. Chairman +44 (0) 207 016 7950

John Hamilton, CEO +44 (0) 207 016 7950

Ben Wilkinson, Finance Director +44 (0) 207 016 7950

RBC Capital Markets

Jeremy Low, Matthew Coakes, Daniel Conti +44 (0) 207 653 4000

Canaccord Genuity Limited

Tim Redfern, Henry Fitzgerald-O'Connor +44 (0) 207 523 8000

Bell Pottinger

Gavin Davis, Henry Lerwill, Charlie Stewart +44 (0) 207 861 3232