Settlement of U.S. $230m senior unsecured bonds

10 April 2015

Genel Energy plc

Settlement of U.S. $230 million senior unsecured bonds

Genel Energy plc is pleased to announce that it has completed its issue of the U.S. $230 million 7.5% senior unsecured bonds due 14 May 2019 ("the Bonds").

As part of the issue of the Bonds, Genel Energy Finance 3 plc (as issuer) and Genel Energy plc (as parent) entered into a bond agreement on 9 April 2015 with Nordic Trustee ASA on behalf of bondholders ("the Bond Agreement"). The Bond Agreement sets out the terms and conditions on which the Bonds were issued. Genel Energy plc and Genel Energy Holding Company Limited have each, on the same date, also entered into a guarantee of the amounts payable under the Bond Agreement.

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Notes to editors:

Genel Energy is an independent oil and gas exploration and production company listed on the main market of the London Stock Exchange (LSE: GENL). The Company, with headquarters in London and additional offices in Ankara and Erbil, is the largest independent oil producer and the largest holder of reserves and resources in the Kurdistan Region of Iraq and, through its Miran and Bina Bawi gas fields, is set to be a cornerstone provider of gas to Turkey under the KRI-Turkey Gas Sales Agreement. Genel also continues to pursue further growth opportunities within the Middle East and Africa. For further information, please refer to www.genelenergy.com.

Disclaimer

This announcement contains certain forward-looking statements that are subject to the usual risk factors and uncertainties associated with the oil & gas exploration and production business. Whilst the Company believes the expectations reflected herein to be reasonable in light of the information available to them at this time, the actual outcome may be materially different owing to factors beyond the Company's control or within the Company's control where, for example, the Company decides on a change of plan or strategy. Accordingly no reliance may be placed on the figures contained in such forward looking statements.