PRIVATE PLACEMENT

THE PRIVATE PLACEMENT OF THE PLACING SHARES REFERRED TO BELOW HAS BEEN COMPLETED. NEITHER THIS ANNOUNCEMENT NOR ANY PART OF IT CONSTITUTES AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE OR ACQUIRE ANY SHARES IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER STATE OR JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

For immediate release 4 February 2013

MAPLE ENERGY PLC

("Maple" or the "Company")

MAPLE ANNOUNCES COMPLETION OF APPROXIMATELY £9.03 MILLION (US$ 14.18 MILLION) PRIVATE PLACEMENT

Maple Energy plc (AIM: MPLE; LIMA: MPLE), an integrated energy company with assets in Peru, is pleased to announce today the successful completion of its share offer by way of a private placement of 14,921,595 ordinary shares (the "Placing Shares") at a price of 60.5 pence (US$ 0.95*) per Placing Share with investors (the "Placing") for approximately £9.03 million (US$14.18 million*) in gross proceeds before expenses. Admission of the Placing Shares to trading on AIM became effective and dealings commenced at 08:00 (GMT) today, 4 February 2013.

The Directors intend the net proceeds from the Placing to be used (i) to further expand and enhance the ethanol business, including additional plantation development, the acquisition of additional equipment for harvesting, and the purchase of additional spare parts and equipment to provide for increased Ethanol Plant availability, and (ii) for working capital and general corporate purposes.

 *Exchange rate used: £1 = US$1.569

For further information, please contact:

Maple Energy plc (+ 51 1 611 4000)

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

Cenkos Securities plc

Jon Fitzpatrick +44 20 7397 8900

Ken Fleming +44 131 220 6939

Mirabaud Securities Ltd. (+44 20 7321 2508)

Peter Krens

Rory Scott

Buchanan (+44 20 7466 5000)

Mark Edwards

Ben Romney

 About Maple Energy

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

- the development and operation of an ethanol business;

- exploration and production of crude oil and natural gas; and

- 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 majority-owned subsidiaries. Principal operations consist of the following:

- Ethanol Business. Operator and owner of an ethanol business located in the Piura Region on the north 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; and

- Oil and Gas Exploration. Exploration opportunities through a:

- 100% working interest in Block 31-E; and

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