Completion of Acquisition of Salamander Energy plc

THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT AND INVESTORS SHOULD NOT MAKE ANY INVESTMENT DECISION IN RELATION TO THE NEW OPHIR SHARES EXCEPT ON THE BASIS OF INFORMATION IN THE PROSPECTUS AND THE SCHEME DOCUMENT

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

Ophir Energy plc

Completion of Acquisition of Salamander Energy plc ("Salamander") by Ophir Energy plc ("Ophir")

Ophir is pleased to announce that the Scheme has now become effective and the entire issued ordinary share capital of Salamander is owned by Ophir.

Scheme Shareholders on the register at the Scheme Record Time, being 6.00 p.m. on 27 February 2015 will receive 0.5719 of a New Ophir Share for each Scheme Share held.

Admission of 152,208,612 New Ophir Shares to the premium listing segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange is expected to occur with effect from 8.00 a.m. (London time) on 3 March 2015.

Settlement of New Ophir Shares held through CREST is expected to take place by 8.00 a.m. (London time) on 3 March 2015. Share certificates in relation to the New Ophir Shares to be held in certificated form will be despatched by no later than 16 March 2015.

Admission to trading of Salamander Shares to the premium listing segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange is expected to be cancelled with effect from 8.00 a.m. (London time) on 3 March 2015.

Combined Group Update

In accordance with previous announcements, the directors of the Combined Group are now Nicholas Smith (Non-Executive Chairman), Dr Nicholas Cooper, Bill Higgs, Ronald Blakely, Alan Booth, Vivien Gibney, Lyndon Powell, Bill Schrader and Dr Carol Bell.

Capitalised terms used in this announcement, unless defined herein, have the same meanings as set out in the Scheme Document dated 14 January 2015.

Credit Suisse Securities (Europe) Limited, which is authorised and regulated in the UK by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting exclusively as financial adviser to Ophir and no one else in connection with the matters described in this announcement, and will not be responsible for anyone other than Ophir for providing the protections afforded to clients of Credit Suisse Securities (Europe) Limited nor for providing advice in relation to the matters referred to in this announcement. Neither Credit Suisse Securities (Europe) Limited nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Credit Suisse Securities (Europe) Limited in connection with this announcement, any statement contained herein or otherwise.

Morgan Stanley & Co. International plc ("Morgan Stanley"), which is authorised and regulated in the UK by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting exclusively as financial adviser to Ophir and no one else in connection with the matters described in this announcement, and will not be responsible for anyone other than Ophir for providing the protections afforded to clients of Morgan Stanley nor for providing advice in relation to the matters referred to in this announcement. Neither Morgan Stanley nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Morgan Stanley in connection with this announcement, any statement contained herein or otherwise.

RBC Europe Limited, which is authorised in the United Kingdom by the Prudential Regulation Authority and authorised and regulated in the United Kingdom by the Financial Conduct Authority and the Prudential Regulation Authority, is acting exclusively as financial adviser to Ophir and no one else in connection with the matters described in this announcement, and will not be responsible for anyone other than Ophir for providing the protections afforded to clients of RBC Europe Limited nor for providing advice in relation to the matters referred to in this announcement. Neither RBC Europe Limited nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of RBC Europe Limited in connection with this announcement, any statement contained herein or otherwise.

Publication on Website

A copy of this announcement will be made available subject to certain restrictions relating to persons resident in restricted jurisdictions on Ophir's website at www.ophir-energy.comby no later than 12 noon (London time) on 3 March 2015. For the avoidance of doubt, the contents of this website is not incorporated and does not form part of this announcement.