Credit Suisse Completes Ophir Energy Share Sale

7 February 2013

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR WITHIN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

COMPLETION OF SALE OF OPHIR ENERGY PLC SHARES

Further to yesterday's announcement, Credit Suisse Securities (Europe) Limited ('Credit Suisse') announces that it has placed in total 36,000,000 existing ordinary 0.25 pence shares of Ophir Energy plc (the 'Company' or 'Ophir Energy') on behalf of certain affiliated investment funds of Och-Ziff Capital Management Group on the one hand and Mittal Investments s.a.r.l. on the other hand (together the 'Selling Shareholders'). The shares were sold at a price of 475 pence per ordinary share, raising gross proceeds of £171 million.

The Selling Shareholders have consented to a lock-up of 90 days with respect to their residual holdings in Ophir Energy, subject to customary exceptions.

Credit Suisse acted as Bookrunner in respect of the Placing.

This announcement and the information contained herein are for information purposes only and do not constitute or form part of any offer or an invitation to acquire or dispose of or sell securities in any jurisdiction and in particular the United States, Canada, Australia or Japan or in any other jurisdiction in which such an offer of solicitation is unlawful.

The Shares have not been, and will not be, registered under the Securities Act of 1933, as amended ("Securities Act") or under the securities laws of any State or other jurisdiction of the United States, and, absent registration, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the securities laws of any State or other jurisdiction of the United States. There will be no public offering of securities in the United States or elsewhere.

Neither this announcement nor any copy of it may be taken, transmitted or distributed, directly or indirectly, in or into or from the United States, Canada, Australia or Japan. Any failure to comply with this restriction may constitute a violation of United States, Canadian, Australian or Japanese securities laws.

The distribution of this announcement and the offering or sale of the Shares in certain jurisdictions may be restricted by law. No action has been taken by the Selling Shareholders, Credit Suisse or any of their respective affiliates that would, or which is intended to, permit a public offer of the Shares in any jurisdiction or possession or distribution of this announcement or any other offering or publicity material relating to the Shares in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required by Credit Suisse to inform themselves about and to observe any such restrictions.

Credit Suisse is acting for the Selling Shareholders only in connection with the Placing, and no one else, and will not be responsible to anyone other than the Selling Shareholders for providing the protections offered to clients of Credit Suisse nor for providing advice in relation to the Placing. Credit Suisse is authorised and regulated in the United Kingdom by the Financial Services Authority. This statement does not seek to limit or exclude responsibilities or liabilities which may arise under the FSMA or the regulatory regime established thereunder.