20 September 2016

The Manager, Company Announcements Australian Securities Exchange Limited Exchange Centre

20 Bridge Street

Sydney NSW 2000

Horizon Oil Limited ABN 51 009 799 455

Level 6, 134 William Street, Woolloomooloo NSW Australia 2011

Tel +61 2 9332 5000, Fax +61 2 9332 5050 www.horizonoil.com.au

REDEMPTION AND CANCELLATION OF US$58.8M CONVERTIBLE BONDS

Horizon Oil Limited is pleased to advise that, pursuant to the terms and conditions of the Bonds (Terms and Conditions), the Company has redeemed the remaining US$58.8m Convertible Bonds issued in 2011 (Bonds). The redeemed Bonds have been cancelled in accordance with clause 7(g) of the Terms and Conditions.

Yours faithfully

Michael Sheridan

Chief Financial Officer & Company Secretary For further information please contact:

Mr Michael Sheridan Telephone: (+612) 9332 5000

Facsimile: (+612) 9332 5050

Email: exploration@horizonoil.com.au Or visit www.horizonoil.com.au

Horizon Oil Limited published this content on 20 September 2016 and is solely responsible for the information contained herein.
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