Despatch of Prospectus and Entitlement Forms

9 July 2012

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

Despatch of prospectus and entitlement forms

The Board of Jupiter Energy Limited, the Kazakhstan-focused oil exploration and production company, quoted on AIM ("JPRL") and ASX ("JPR"), is pleased to advise shareholders that the Company has despatched to qualifying shareholders the Prospectus and Entitlement & Acceptance Forms in connection with the fully underwritten Rights Issue announced by the Company on 25 June 2012.

ENDS

Enquiries:

Jupiter Energy Limited +61 89 322 8222

Geoff Gander [email protected]

finnCap Ltd +44 (0)20 7220 0500

Sarah Wharry/Christopher Raggett (Corporate Finance)

Simon Johnson (Corporate Broking)

Media Enquiries:

Allerton Communications +44 (0)20 3137 2500

Peter Curtain [email protected]

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 Energy 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 Energy develop a group facility on site to process, store and ship oil. This topside infrastructure is a key element in moving to licensed production and the achievement of self-funding.