Directorate Change

4 August 2010

MAPLE ENERGY PLC

("Maple" or the "Company")

BOARD CHANGES

Maple Energy plc (AIM: MPLE; LIMA: MPLE), an integrated energy company with assets in Peru, is pleased to announce that, following the completion of the private placement of securities for gross proceeds of $12.5 million to Fondo de Inversion en Infraestructura, Servicios Publicos y Recursos Naturales (the "Fund") as announced on 2 August 2010, Mr. Alberto Camet and Mr. Antonio Villa Mardon have been appointed to serve as directors on the Company's Board of Directors (the "Board") with effect from 31 July 2010. Mr. Camet will serve as a non-executive director and Mr. Villa Mardon will serve as an independent non-executive director. For further biographical information on each of the newly-appointed directors, please see below.

Mr. Carlos de la Guerra Sison, Mr. Rafael Guillermo Ferreyros Cannock and Mr. Ricardo Vega Llona have resigned from the Board with effect from 31 July 2010. Mr. Vega Llona has been appointed a director of one of Maple's direct subsidiaries and will remain active with the Board as an observer. Mr. De la Guerra Sison will continue to serve as a Senior Vice President of the Company, and Mr. Ferreyros Cannock will continue to serve as the Vice-President of Marketing and Government Relations for the Company as well as the General Manager of certain subsidiaries of the Company. 

In addition to the changes of the membership of the Board, Mr. Nigel B. Christie, who currently serves as an independent non-executive director of the Board, has been appointed as Maple's new non-executive Chairman.

Alberto Camet Blanco Velo

Mr. Camet, 47, has served as the Investment Director of AC Capitales SAFI S.A., a fund manager, since June 2008. An investment fund managed by AC Capitales owns a significant interest in the Company. Prior to that, Mr. Camet worked for Define S.A., a consulting firm, as a Managing Director; Empaq S.A.C., a can manufacturer, as a co-founder and managing partner; and Credicorp Ltd., a financial services holding company in which he worked as a senior executive at Atlantic Security Bank and Banco de Credito del Peru. Mr. Camet is a director of the following companies: Tecnofil S.A., Empresa Electrica de Piura S.A., Camposol Holding PLC, Redesur S.A., Ferrovias Central Andina S.A., Ferrocarril Central Andino S.A., Rash Peru S.A.C. and Numa Asset Management.

Mr. Camet holds a Master of Business Administration from the University of Chicago Graduate School of Business and a Bachelor of Science in Mechanical Engineering from Carnegie-Mellon University.

In connection with the appointment, the Board authorised the issuance of options to acquire up to 45,000 ordinary shares of the Company to Mr. Camet, in accordance with the Company's Share Option Plan 2007, as amended. The options have been issued at an exercise price of 60.6p per option, with one-third of the options vested annually over a three-year period from the date of the grant.

Antonio Villa Mardon

Mr. Villa Mardon, 51, serves as the Chief Executive Officer of Opportunity Investments, an investment banking firm based in Peru, and was previously a partner of Aureos Capital Peru, a private equity fund, and Transitional Investors, LLC, a financial advisory firm. Mr. Villa Mardon has also worked as an independent financial and strategy consultant. Prior to that, he has worked for Grupo Telefonica, Telefonica del Peru as the Chief Financial Officer, Santander Investment Peru as the Chairman and Chief Executive Officer and Bank of America as a Vice President in Europe, based in Spain. Mr. Villa Mardon is currently a director of Proinversion - Comite Provalor. In the past, he has served as a member of the board of directors of numerous companies including Productos del Sur, S.A., NELAPSA, Exportaciones de la Selva, S.A., La Fiduciaria - Grupo Bancolombia, Cable Magico, S.A., Cavali ICLV (the clearing house of the Lima Stock Exchange), Santander SAB and Santander Investment Peru. In addition, Mr. Villa Mardon previously served as an alternate board member of Telefonica del Peru, S.A.A.

Mr. Villa Mardon holds a Master of Business Administration from IESE, Universidad de Navarra, Spain and a degree in economics and business administration from Universidad de Sevilla, Spain. He also completed an advanced management program at the Wharton School of Business, University of Pennsylvania.

In connection with the appointment, the Board authorised the issuance of options to acquire up to 45,000 ordinary shares of the Company to Mr. Villa Mardon, in accordance with the Company's Share Option Plan 2007, as amended. The options have been issued at an exercise price of 60.6p per option, with one-third of the options vested annually over a three-year period from the date of the grant.

For further information, please contact:

Maple Energy plc (+ 51 1 611 4000)

Rex W. Canon, Chief Executive Officer, President and Executive Director

Jefferies International Limited (+44 20 7029 8000)

Schuyler Evans

Oliver Griffiths

Mirabaud Securities Ltd (+44 20 7321 2508)

Peter Krens

Rory Scott

Citigate Dewe Rogerson (+44 20 7638 9571)

Martin Jackson

George Cazenove

Information required to be disclosed pursuant to Rule 17 and Schedule 2 paragraph (g) of the AIM Rules.

Alberto Camet Blanco Velo

Mr. Camet, 47, is, or has been, a director of the following companies during the last five years: Tecnofil S.A., Empresa Electrica de Piura S.A., Camposol Holding PLC, Redesur S.A., Ferrovias Central Andina S.A., Ferrocarril Central Andino S.A., Rash Peru S.A.C., Numa Asset Management and Inversiones Centenario S.A.A. (resigned 2006).

Antonio Villa Mardon

Mr. Villa Mardon, 51, is, or has been, a director of the following companies during the last five years: Proinversion - Comite Provalor, Productos del Sur, S.A. (resigned 2008), NELAPSA (resigned 2008), Exportaciones de la Selva, S.A., (resigned 2006) and La Fiduciaria - Grupo Bancolombia (resigned 2008).

Other than the information contained within this announcement, there is no further information

required to be disclosed by the AIM Rules.

About Maple Energy

Maple is an integrated independent energy company, listed in London and Lima, with assets and operations in Peru engaging in numerous aspects of the energy industry, including:

·; The development of an ethanol project

·; Exploration and production of crude oil and natural gas

·; Refining, marketing and distribution of hydrocarbon products

Maple was admitted to AIM on 13 July 2007 and trades under the symbol "MPLE". The company was also admitted to the Lima Stock Exchange on 21 December 2007 where it trades under the same symbol.

Operations

Maple's operations are conducted and revenues are generated through its wholly-owned subsidiaries. Maple's principal operations consist of the following:

·; Ethanol Project. Project developer and owner of an estimated US$254 million ethanol project located in the Piura Region on the northwest coast of Peru;

·; Oil Production. Operator and holder of 100% working interests in its crude-oil producing properties, Blocks 31-B, 31-D and 31-E;

·; Refining, Marketing and Distribution Operations. Operator of the Pucallpa Refinery and Sales Plant, which has capacity to refine up to (i) 3,400 barrels per day of crude oil producing Residual 5 fuel oil, (ii) 3,000 barrels per day of crude oil producing Residual 6 fuel oil or (iii) 4,100 barrels per day of natural gasolines. This plant also includes sales and distribution operations in the central Peruvian jungle, central Peruvian highlands and Lima regions;

·; Oil and Gas Exploration. Significant exploration opportunities through a:

- 100% working interest in Block 31-E, containing the San Roque and Cashiboya Deep prospects and the new shale gas opportunity; and

- 33.77% working interest in the Aguaytía Deep Prospect in Block 31-C.