Convertible Note funds received

2 October2013

Jupiter Energy Limited ("Jupiter" or the "Company")

NOTICE UNDER S708A(5)(E) OF THE CORPORATIONS ACT 2001

The Board of Jupiter Energy Limited, the Kazakhstan-focused oil exploration and production company, trading on AIM ("JPRL"), ASX ("JPR") and KASE ("AU_JPRL"), announces that all funds due from the recently announced Convertible Notes issue have now been received.

For the purposes of clarity, the issue of the 5,200,000 Convertible Notes on 20 September 2013 means that the Company has a total of 12,400,000 Convertible Notes on issue as at the date of this announcement. All the Convertible Notes on issue have the same terms and conditions.

ENDS

Enquiries:

Jupiter Energy (+61 89 322 8222)

Geoff Gander ([email protected])

finnCap Ltd +44 (0)20 7220 0500

Matt Goode/Christopher Raggett (Corporate Finance)

Simon Johnson (Corporate Broking)

GMP Securities (Europe) LLP +44 (0) 20 7647 2800

Rob Collins/James Pope (Corporate Finance)

About the Company:

Jupiter Energy Limited is an oil exploration and production company, quoted on both the AIM and ASX markets. The Company is focused on developing its onshore assets in western Kazakhstan. In 2008 the Company acquired 100 per cent of the Block 31 permit, located in the oil-rich Mangistau Basin, close to the port city of Aktau.

Jupiter has a proven in-country management team, led by an experienced, international Board, together possessing the skills, knowledge, network and attention to detail needed to operate successfully in Kazakhstan. The forward plan will see Jupiter develop a group production facility on Block 31 to process, store and export oil. This topside infrastructure is a key element in moving to long-term production and the achievement of self-funding for further development of Block 31.