Trinity Regulatory News (TRIN)

Embargoed 08.10a.m.

11 January 2017

Trinity Exploration & Production plc

("Trinity" or "the Group" or "the Company")

Board Changes

Further to the announcement made on 13 December 2016 and the completion of the Restructuring announced by the Company on 9 December 2016, the Board of Trinity confirms the appointments, as Directors of the Company, of Jeremy Bridglalsingh, David Segel and Angus Winther, with immediate effect.

Jeremy Nicholas Bridglalsingh, (Aged 37) - Executive Director

Jeremy Bridglalsingh is a qualified accountant (Chartered Institute of Management Accountants, 2006) with a BSc. in Management Studies from the University of the West Indies (2000). Prior to joining Trinity in 2012, he worked in financial services at PricewaterhouseCoopers (Trinidad and Tobago) and Operis Group plc (London), mainly in an advisory role on various transactions across a number of jurisdictions. In the past five years with Trinity he has held roles across the financial, ICT and supply chain disciplines, and most recently the role of Chief Financial Officer of Trinity since January 2016.

Mr Bridglalsingh subscribed for 80,000 Placing Shares at the Placing Price as part of the Fundraising. Following completion of the Fundraising, Mr Bridglalsingh's aggregate holding is 80,000 New Ordinary Shares representing approximately 0.03 per cent. of the enlarged issued ordinary share capital of the Company.

David Alexander Segel, (Aged 52) - Non-Executive Director

David Segel is the Founding Partner of the Mako Group (est. 1999), a London based financial services business, and currently serves as the Mako Group's Chairman. He also operates a portfolio of businesses in media and technology. He co-founded Mpower Pictures, LLC in 2006, which is an independent motion picture production company. He co-founded The Video Genome Project (The VGP) in 2013, a video metadata insights business that analyses the actual content of movies and television content. The VGP was acquired by Hulu in 2016. Mr Segel has been on the Board of Alpha USA and Alpha International since 2004 and he has served on the Advisory Board of the Yale Divinity School since 2011. He attended Yale University and earned a B.A. in Physics and Philosophy in 1986.

It is expected that Mr Segel will be a member of the Company's Audit Committee and Remuneration Committee.

The David and Christina Segel Living Trust (of which Mr Segel is an associate) subscribed for 22,657,015 Placing Shares at the Placing Price and US$583,937 for Convertible Loan Notes in the Fundraising. Following completion of the Fundraising, the David and Christina Segel Living Trust's aggregate holding is 33,917,256 New Ordinary Shares representing approximately 12.0 per cent. of the enlarged issued ordinary share capital of the Company.

Angus Christian Winther, (Aged 49) - Non-Executive Director

Angus Winther has spent 27 years working in the investment banking industry, primarily advising clients in the insurance and financial services industries. He started his career with Chase Manhattan Bank, before becoming the youngest partner at Phoenix Securities, an independent investment banking firm which was subsequently acquired by Donaldson, Lufkin and Jenrette. He co-founded Lexicon Partners, a London based investment banking advisory firm, in 2000 and was closely involved in the leadership of that firm until it was acquired by Evercore in 2011. He served as a senior adviser at Evercore until October 2016, when he left the firm to pursue other interests. He is a non-executive director of Hiscox Syndicates Limited (a Lloyd's managing agent) and of the Mako Group (a London based financial services business), a member of the advisory board of Haggie Partners LLP (a financial communications firm), and a trustee of several charities. He has a degree in Politics from Durham University.

It is expected that Mr Winther will be a member of the Company's Audit Committee and Remuneration Committee.

Mr Winther subscribed for 22,657,015 Placing Shares at the Placing Price and US$583,937 for Convertible Loan Notes in the Fundraising. Following completion of the Fundraising, Mr Winther's aggregate holding is 22,657,015 New Ordinary Shares representing approximately 8.0 per cent. of the enlarged issued ordinary share capital of the Company.

Bruce A. I. Dingwall CBE, Executive Chairman of Trinity, commented:

"I am delighted to welcome Jeremy, David and Angus to the Board, each of whom brings a strong and complementary background and skillset. We look forward both to working with them to realise the full potential of Trinity's assets and in assisting the Company in the next phase of its growth strategy."

Following these changes the Board of Directors of Trinity Exploration & Production plc will be composed of: Bruce Dingwall, Executive Chairman, Jeremy Bridglalsingh, Chief Financial Officer and Executive Director, Jonathan Murphy, Non-executive Director, David Segel, Non-executive Director and Angus Winther, Non-executive Director.

Save as disclosed, there are no other disclosures required in relation to Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Enquiries:

About Trinity

Trinity is an independent oil and gas exploration and production company focused solely on Trinidad and Tobago. Trinity operates producing and development assets both onshore and offshore, in the shallow water West and East Coasts of Trinidad. Trinity's portfolio includes current production, significant near-term production growth opportunities from low risk developments and multiple exploration prospects with the potential to deliver meaningful reserves/resources growth. The Company operates all of its nine licences and, across all of the Group's assets, management's estimate of 2P reserves as at the end of 2015 was 20.9 MMbbls (excluding the Guapo-1 license which was disposed of in April 2016). Group 2C contingent resources are estimated to be 19.8 MMbbls. The Group's overall 2P plus 2C volumes are therefore 40.7 MMbbls.

Trinity is listed on the AIM market of the London Stock Exchange under the ticker TRIN.

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