Result of Warrantholder Meetings

3 July 2012

Andes Energia plc

("Andes" or the "Company")

Results of Warrantholder Meetings

The Company is pleased to announce that at the four Warrantholder Meetings, held yesterday, the resolutions put to Warrantholders, to approve the Reduction of Capital, were duly passed, with 100% of all votes cast voting in favour.

All Shareholder and Warrantholder Resolutions to approve the Demerger have now been passed and the Court Hearing to confirm the Reduction of Capital will be held on 11 July 2012.

Capitalised terms used in this announcement are defined in circular sent to shareholders on 9 June 2012, unless the context requires otherwise.

For further information please contact:

Note to Editors:

Andes is a Latin American energy group, with oil and gas, electricity distribution and hydro-electric power interests in Argentina. The Company's focus is on the Argentinean energy sector, which it believes offers premium assets at undervalued prices.