Exercise of Options

15 November 2013

PRESIDENT ENERGY PLC

("President Energy" or "the Company")

Exercise of Options

President Energy (AIM: PPC), the Latin American focused exploration and production company, today announces that on 25 October 2013, a former employee exercised an option at its expiration to acquire 350,000 ordinary shares of 1 penny each in the Company ("Shares") issued to him under the Global Incentive Plan at an exercise price of 25p.

Application has been made for the Shares to be admitted to trading on AIM and dealings are expected to commence on 18th November 2013. Upon admission, the Company's revised issued share capital will be 269,049,887.

Contact:

President Energy PLC

John Hamilton, CEO +44 (0) 207 016 7950

Ben Wilkinson, Finance Director +44 (0) 207 016 7950

 RBC Capital Markets

Jeremy Low, Matthew Coakes, Daniel Conti +44 (0) 207 653 4000

Canaccord Genuity Limited +44 (0) 207 523 8000

Tim Redfern, Henry Fitzgerald-O'Connor

Pelham Bell Pottinger +44 (0) 207 861 3232

Gavin Davis, Henry Lerwill