Media Statement For immediate release Tuesday, 9 July 2013 Providence Team IRL launched for RIO 2016

The Irish Sailing Association today (Tuesday, 9 July 2013) announced that the Irish oil and gas exploration and production company Providence Resources P.l.c., are to sponsor the Irish Sailing Team for a four year period in the run up to the Olympic Games in RIO in 2016. This sponsorship follows a six month deal in
2012, which provided the team with additional resources in preparation for the London Games.
The Irish sailing team had their most successful Olympics for thirty years in 2012 with 4th, 10th and 14th
finishes.
Speaking at today's announcement Providence Resources, Chief Executive, Tony O'Reilly, said: "Providence Resources were so proud of the Irish sailing team at the Games in 2012 and we know

they can achieve so much more. We want to provide the team with the support to reach their goals

in 2016".

The Irish sailing team will be named Providence Team IRL for the four year period and joint branding will be rolled out over the coming weeks.
Responding on behalf of the ISA, Alan Crosbie, Vice Chairman ISA Olympic Steering Group commented:
"We are delighted with the commitment and confidence shown by Providence Resources in our sailors. We very much appreciated the support they provided prior to London 2012 and this new partnership will offer a more secure training platform four years out from the games".
As of today, the 2016 sailing team members include: Olympic
Annalise Murphy, (Laser Radial)
Ryan Seaton & Matt McGovern, (49er) James Espey (Laser)

Paralympic

John Twomey (Sonar) Ian Costello (Sonar)
A number of other campaigns are currently in training to reach qualification for 2016 including two campaigns in the new all female class 49erfx.
Commenting on the announcement James O'Callaghan, Performance Director, ISA stated:

"It is a real boost for our team to partner with Providence Resources for four-year. We can now really push on from the platform Irish Sports Council funding and guidance given to the programme thus far. The sponsorship from Providence means we can spend more time at the RIO venue and increase contact time our sailors have with the coaching team".

2013 is an important year for Irish Paralympic and Olympic sailors as it will be the only year that they will be competing in an international competition in their home waters prior to RIO 2016. The IFDS World Championships will be held in Kinsale from 22 - 30 August and John Twomey 10 time Paralympian and the current President of the International Federation of Disabled Sailing will be representing Ireland. The following week (30 Aug- 06 Sept) Dublin Bay will play host to the Laser European & World Championships, which comprises:
• European Laser Standard Men's Championship 2013
• European Laser Radial Women's Championship 2013
• European & World Laser Radial Men's Championship 2013
In addition to Annalise Murphy and James Espey, over 20 ISA Development and Performance sailors will be competing at this international event.

Ends - 9 July 2013

For more information please contact: ISA

Fiona Bolger

Tel: +353 86 8211030 fiona@fionabolger.com

Providence Resources Pauline McAlester Murray Consultants Tel: +353 1 498 0300

pauline.mcalester@murrayconsult.ie

Note for Editors Interviews with ISA Performance Director James O'Callaghan / Tony O'Reilly, Providence Resources

Chief Executive may be arranged upon request.

ISAThe ISA is national governing body sailing and motorboating in Ireland.www.sailing.ie

ABOUT PROVIDENCE

Providence Resources P.l.c. is an Irish based oil & gas exploration, appraisal and development company with a portfolio of appraisal and exploration assets offshore Ireland and the U.K. The Company is currently leading a circa $500 million multi-year drilling programme on a number of exploration/development wells over 6 different basins offshore Ireland, representing the largest drilling campaign ever carried out offshore Ireland www.providenceresources.com.

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