AMER.L Regulatory News (AMER)

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

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE UK CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE").

FOR IMMEDIATE RELEASE

Paris, 2 December 2019

Etablissements Maurel & Prom S.A.

Statement regarding Amerisur Resources plc

No intention to bid statement

Etablissements Maurel & Prom S.A. ("M&P") notes the announcement on 15 November 2019 of a recommended cash offer for Amerisur Resources plc ("Amerisur") by Geopark Limited ("Geopark"), and the subsequent publication of the scheme document. In light of its own due diligence and in compliance with its investment criteria, M&P confirms that it does not intend to make a competing offer for Amerisur.

This is a statement to which Rule 2.8 of the Code applies.

Under Note 2 on Rule 2.8 of the Code, M&P, and any person acting in concert with M&P, reserves the right to set aside the restrictions in Rule 2.8 in the following circumstances: (i) with the agreement of the board of Amerisur in the event that the offer by Geopark is withdrawn or lapses; (ii) if a third party other than Geopark announces a firm intention to make an offer for Amerisur; (iii) if Amerisur announces a "whitewash" proposal (see Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); and (iv) if there has been a material change of circumstances (as determined by the Panel on Takeovers and Mergers).

For further information please contact:

M&P

+33 1 53 83 16 00

Olivier de Langavant (CEO)

Pablo Liemann (Business Development Manager)

Matthieu Lefrancq (Business Development)

Hannam & Partners - Financial Advisor to M&P

+44 (0) 207 907 8500

Samuel Merlin

Fergus Marcroft

Ernest Bell

Brunswick Group - Media

+44 (0) 207 404 5959

Patrick Handley

Will Medvei

Matt Brown

Important information

This announcement is not intended to, and does not, constitute, represent or form part of any offer, invitation or solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise.

The distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law or regulation and therefore any person who comes into possession of this announcement should inform themselves about, and comply with, such restrictions. Any failure to comply with such restrictions may constitute a violation of the securities laws or regulations of any such relevant jurisdiction.

H&P Advisory Limited ("H&P"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting for M&P and for no one else in connection with the matters referred to in this announcement and will not be responsible to anyone other than M&P for providing the protections afforded to clients of H&P or for providing advice in relation to the contents of this announcement, or any other matters referred to in this announcement.

Disclosure requirements of the Code

Rule 26.1

In accordance with Rule 26.1 of the Code, a copy of this announcement will be available on M&P's website at https://www.maureletprom.fr/en/. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.