Board Reorganisation and Grant of Options

15 November 2013 Doriemus Plc ("Doriemus" or the "Company") Board Reorganisation and Grant of Options Doriemus plc (AIM: DOR) has undertaken a strategic review of its businessfollowing the entry into the farm-in arrangements on the Lidsay oilfield on 18October 2013. Whilst the Company does not actively manage or control the newinvestment in the Lidsay oilfield, the board considers it appropriate that theexecutive directors of the Company should be focused on this new investment andany further opportunities which the Company may identify which are in-line withthe Company's investing policy. Accordingly, the Company today announces areorganisation of the board of directors with immediate effect. Board reorganisation Don Strang, currently non-executive chairman, will become executive chairman.Don is a member of the Australian Institute of Chartered Accountants and hasbeen in business over 20 years, holding senior financial and managementpositions in both publicly listed and private enterprises in Australia, Europeand Africa. Mr Strang has considerable corporate and international expertiseand over the past decade has focussed on mining and exploration activities. Hamish Harris, currently a non-executive director, will become an executivedirector. Hamish has held positions within product control, market risk andrisk management at a number of financial institutions including Nomura Group,Dresdner Kleinwort Wasserstein, Deutsche Bank AG and Lloyds Banking Group plc.Hamish currently holds a position with Nivalis Capital. David Roxburgh, currently managing director, will become non-executivedirector. David is a member of the Institute of Certified Public Accountants inIreland and is managing director of the Fitzwilton Group of Companies. One ofFitzwilton's investments is a 36 per cent. shareholding in Portfolio DesignGroup (the parent company of Surrenda-link Limited). The business of PortfolioDesign Group includes the purchase, sale and valuation of secondary lifepolicies, the valuation and procurement of US traded senior life interestpolicies and investment adviser on specialist investment products. Outside ofthe Fitzwilton Group, Mr Roxburgh is a Non-Executive Director of WaterfordCrystal Limited (the world renowned luxury branded company). Grant Roberts remains on the Board as a non-executive director. Grant of options In addition, the Company announces that it has today granted options to thefollowing Directors to subscribe for a total of 140 million new ordinary sharesat an exercise price of 0.22p (being the closing mid-market price on 14November 2013, being the last practicable date prior to the grant of options)expiring five years from the date of grant and which vest immediately: Donald Strang 50 million Hamish Harris 50 million David Roxburgh 20 million Grant Roberts 20 million Total 140 million The options represent approximately 3.53 per cent. of the current issuedordinary share capital of the Company. For further information please contact: Doriemus plc +44 (0) 20 7440 0640 Donald Strang / Hamish Harris Sanlam Securities UK Limited (Nominated Adviser and +44 (0) 20 7628 2200Broker) Simon Clements / Virginia Bull