Maurel & Prom : Information on the share subscription warrants (warrants) - Approval of the resolutions by the general meetings of the warrant holders

Paris, 2nd June 2014
 No. 15-14

Information on the share subscription warrants (warrants) - Approval of the resolutions by the general meetings of the warrant holders

The general meeting of the warrant holders, which was called on first convening on 16 May 2014, was not able to validly deliberate since the minimum quorum required by law was not reached, i.e. 25% of the warrants with voting rights. A further general meeting of the warrant holders was therefore convened, on second convening, on the same agenda and on the same draft resolutions, this morning at 9.30 am, Cercle des Armées - 8 Place Saint-Augustin - 75008 Paris.

This second general meeting of the warrant holders reached a quorum of 30.77%, a quorum exceeding the minimum quorum required by law, i.e. 20% of the warrants with voting rights, and could therefore validly deliberate and approved all the resolutions which were submitted for its approval, i.e. the extension of the expiry date of the exercise period of the warrants and powers for carrying out legal formalities.

The first resolution which dealt with the extension of expiry date of the exercise period of the warrants for a further period of 18 months, from 30 June 2014 to 31 December 2015, was approved at a majority of 99.85% of the voting rights.

The extension of the expiry date of the exercise period of the warrants is however conditional upon the approval of the shareholders called to deliberate on this matter on the next general meeting to be held on 12 June.

For more information:www.maureletprom.fr

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This document may contain forward-looking statements regarding the financial position, results, business and industrial strategy of Maurel & Prom.By nature, forward-looking statements contain risks and uncertainties to the extent that they are based on events or circumstances that may or may not happen in the futureThese projections are based on assumptions we believe to be reasonable, but which may prove to be incorrect and which depend on a number of risk factors, such as fluctuations in crude oil prices, changes in exchange rates, uncertainties related to the valuation of our oil reserves, actual rates of oil production and related costs, operational problems, political stability, legislative or regulatory reforms, or even wars, terrorism and sabotage.

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