Company Update

15 August 2014

MAPLE ENERGY PLC

("Maple" or the "Company")

COMPANY UPDATE

Maple Energy plc (AIM: MPLE; LIMA: MPLE), an integrated energy company with assets in Peru, announces today various updates regarding its ethanol business and operations for the period January 1st to June 30th, 2014

· An aggregate amount of approximately 369,105 gross tonnes of sugar cane (approximately 315,755 net tonnes) have been harvested and processed as of June 30, 2014. This net amount of processed sugar cane excludes sugar cane "trash", which primarily consists of green and dry leaves of the sugar cane that are ultimately used as fuel to generate electricity. The Average total recoverable sugars ("TRS") from the sugar cane processed was approximately 11.95%.

· An aggregate amount of approximately 24,062 cubic metres (approximately 6.4 million gallons) of fuel-grade ethanol have been produced at the Ethanol Plant as of June 30, 2014. The average ethanol yield during this period was approximately 20.1 gallons (approximately 76.2 litres) per net tonne of sugar cane processed.

· An aggregate amount of approximately 35,395 megawatt-hours ("MWh") have been generated at the Ethanol Plant of June 30, 2014, and the energy required for the agricultural and industrial operations has been approximately 37,695 MWh during this period.

· Under the Company's existing sales and distribution agreement with Mitsui & Co. Ltd ("Mitsui"), Maple has sold an aggregate volume of approximately 23,241 cubic metres (approximately 6.1 million gallons) of fuel-grade ethanol to Mitsui as of June 30, 2014. In addition to the sales to Mitsui, Maple sold a total of approximately 662 cubic metres (approximately 0.175 million gallons) of ethanol to domestic and regional markets during the same period.

· As of June 30, 2014, the average ethanol sales price received by Maple FOB Paita has been US$ 2.09 per gallon (net of shipping cost and Mitsui fee).

· As of June 30, 2014, Maple's total cash costs for the production of ethanol were, approximately US$16.6 million, which consists of: (i) direct production costs US$12.1 million), (ii) general and administrative costs US$3.7 million, and (iii) sales, marketing and other costs US$0.8 million.

· It is planned to shut down the ethanol plant by mid-August for a period of 10 to 12 weeks. The shutdown is necessary as the sugar cane crop has not yet reached the age where it is suitable for harvesting. The lower sugar cane tons per hectare obtained due to the severe drought that affected the region during the last quarter of 2013 and first quarter of 2014 and the delay in expanding the plantation and performing the replanting activities are the main reasons affecting the quantity of cane available for harvesting.

Hydrocarbon Production, Refining and Marketing

· A total of approximately 281,388 barrels of products ("barrels") were sold as of June 30, 2014.

· Average sales price was approximately US$124.70 per barrel during the same period.

· Average daily crude oil production was approximately 415 barrels per day as of June 30, 2014.

· Others revenues were US$ 0.6 million

· As of June 30, 2014, Maple's hydrocarbon business total production cash costs were approximately US$31.3 million including direct production costs US$25.3 million, General and Administrative US$4.3 million, Selling and others US$1.7 million.

Group matters

As previously reported, the Company has been actively seeking equity investment from strategic investor(s) for its ethanol business. The Company has been progressing in this initiative and is seeking to close a transaction in the coming months. As reported on July 24, 2014 as part of the process the Company announced it has received an approach which may or may not lead to a cash offer to acquire the entire issued and to be issued share capital of the Company. Shareholders should note that this approach is highly conditional and preliminary in nature. The company has also received offers for the sale of certain assets. There can be no guarantees that a transaction with a strategic or financial investor or offeror can be reached on terms acceptable to the Company, or at all.

The ability of the Company to execute a transaction on a timely basis is critical for the working capital position of its ethanol business, as the performance of the ethanol business has deteriorated further due to challenging market conditions and lower agriculture performance. The Company will continue to provide the market with information regarding these matters as well as other financing alternatives that it is pursuing as appropriate.

In the meantime the Company is continuing to work closely with the Senior Lenders of Maple's ethanol business in order to maintain sufficient working capital until new funding is available to develop the business or an alternative transaction is undertaken. The continued working capital support from the Seniors Lenders is critical in the coming months.

For further information, please contact:

Maple Energy plc (+ 51 1 611 4000)

Guillermo Ferreyros Cannock, Chief Executive Officer, and Executive Director

Cenkos Securities plc (+ 44 131 220 6939)

Derrick Lee

Alan Stewart

Nothing in this announcement is intended to constitute a profit forecast for any period or an assets valuation.

The directors of Maple accept responsibility for the information contained in this announcement.

To the best of the knowledge and belief of the directors of Maple (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.