Ruspetro : Update re Admission and Closing

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND DOES NOT CONSTITUTE A PROSPECTUS. NOTHING IN THIS ANNOUNCEMENT SHALL CONSTITUTE OR FORM PART OF, AND SHOULD NOT BE CONSTRUED AS, AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY OR SUBSCRIBE FOR ANY SECURITIES REFERRED TO HEREIN NOR SHOULD IT FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY CONTRACT OR COMMITMENT WHATSOEVER.

10 December 2014

RUSPETRO PLC

("Ruspetro " or the "Company ")

Update re Admission and Completion of the Restructuring

Further to the announcement on 14 November 2014 of the Restructuring and the announcement on 5 December 2014 concerning the results of the General Meeting and Shareholder approval of the Restructuring, the Company announces that completion of the Restructuring and the Admission of the New Ordinary Shares ("Admission") is now expected to occur by 8.00 a.m. on 11 December 2014.

Accordingly, CREST accounts are expected to be credited for the Ordinary Shares as soon as practicable after 11 December 2014 and share certificates for the New Ordinary Shares are expected to be despatched by 18 December 2014.

Capitalised terms used in this announcement shall have the meanings as set out in the Prospectus published on 17 November 2014.

For further information please visit www.ruspetro.com

Enquiries:

Investors / Analyst enquiries

Dominic Manley, Ruspetro

+44 20 7887 7624

Twitter: @ruspetroplc

Media enquiries

Ben Brewerton / George Parker - FTI Consulting

+44 20 3727 1000

Disclaimer

This announcement is not intended to and does not constitute or form part of any offer to sell or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the proposals set out herein or otherwise, nor shall it (or the fact of its distribution) form the basis of, or be relied on in connection with, any contract therefor or be considered a recommendation that any investor should subscribe for or purchase or invest in any securities.

The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933 as amended (the " Securities Act ") or under any U.S. state securities laws and may not be offered or sold within the United States unless any such securities are registered under the Securities Act or an exemption from the registration requirements of the Securities Act and any applicable state laws is available.

Strand Hanson Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority (the " FCA ") has been appointed as Sponsor to Ruspetro in connection with the Restructuring.  Strand Hanson Limited will not be responsible to anyone other than Ruspetro for providing the protections afforded to clients of Strand Hanson Limited nor for providing advice in relation to the Restructuring, the content of this announcement or any matter referred to herein.

Mirabaud Securities LLP, which is authorised and regulated in the United Kingdom by the FCA, has been appointed as broker to Ruspetro in connection with the Restructuring.  Mirabaud Securities LLP is acting exclusively for Ruspetro and for no one else in connection with the Restructuring and will not be responsible to anyone other than Ruspetro for providing the protections afforded to clients of Mirabaud Securities LLPnor for providing advice in relation to the Restructuring, the content of this announcement or any matter referred to herein.