Repayment of Unsecured Bonds

5 May 2015

Ophir Energy plc

Repayment of Unsecured Bonds

Ophir Energy plc ("Ophir") advises that certain bondholders have exercised their put option totalling approximately $45 million of the $150 million Unsecured Bonds that were previously issued by its subsidiary Salamander Energy plc ("Salamander"). The put option, at an option price of 101%, was triggered by the acquisition of Salamander by Ophir; the put option expired on 1 May 2015.

Ophir will be completing a review of its debt structure during the second half of 2015 with a view to optimising its balance sheet.

Ends

For Further Enquiries please contact:

Ophir Energy plc                                                             +44 (0)20 7811 2400

Geoff Callow, Head of Investor Relations

Brunswick Group                                                             +44 (0)20 7404 5959

Patrick Handley

Carolina Desmeules

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