Exercise of Employee Share Options & Total Voting Rights

Exercise of Employee Share Options and Total Voting Rights CALGARY, Dec. 3, 2013 /CNW/ - Caracal Energy Inc. ("Caracal" or the "Company")(LSE:CRCL) announces that 11,666 new common shares (the "Employee Shares") havebeen issued pursuant to the exercise of employee share options. As a result,the Company's issued share capital now consists of 121,452,298 common shares.The Company does not hold any treasury shares. The Employee Shares are expectedto be admitted to listing on the premium listing segment of the Official Listand to trading on the London Stock Exchange plc's main market for listedsecurities at 8.00 a.m. (GMT) on Thursday, 5 December 2013. As at 3 December 2013, the total number of voting rights in the Company is121,452,298. Shareholders may use this figure as the denominator for thecalculations by which they will determine if they are required to notify theirinterest in, or a change to their interest in, the share capital of the Companyunder the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"). This announcement is in conformity with DTR 5.6.1A (1). The Employee Shares have not been and will not be registered under thesecurities laws of the United States (including its territories andpossessions, any State of the United States and the District of Columbia),Australia, Canada, Japan or South Africa and may not be offered, sold, takenup, exercised, resold, renounced, transferred or delivered, directly orindirectly, within such jurisdictions except pursuant to an exemption from andin compliance with any applicable securities laws. SOURCE: Caracal Energy Inc. For further information: Caracal Gary Guidry, Chief Executive OfficerTrevor Peters, Chief Financial Officer+1 (403) 724 7200 FTI Consulting -UK Media Enquiries Ben BrewertonEdward WestroppGeorgia Mann+44 (0) 20 7831 3113CaracalEnergy.sc@fticonsulting.com Longview Communications -Canadian Media EnquiriesAlan Bayless604-694-6035Joel Shaffer416-649-8006