Long Term Incentive Plan (LTIP) - change to dates

20 May 2014

Fortune Oil PLC

("Fortune Oil" or the "Company")

Long Term Incentive Plan (LTIP) - change to dates

The Remuneration Committee having considered the change to the end of the financial year of the Company from 31 December to 31 March has determined that it is appropriate to change certain dates relating to existing and future awards under the Company's LTIP pursuant to Senior Executive Incentive Plan. In particular, it was noted that the date for vesting, computing additional awards and other events in respect of existing awards was 20 June, which is now during a closed period in respect of dealings. It has therefore determined that in respect of all outstanding awards all events currently scheduled to occur on 20 June shall be rescheduled to 20 September. In respect of the financial period to 31 March 2014 all calculations in respect of performance shall be adjusted to reflect the 15 month length of this financial reporting period.

Further details including individual changes for directors and person discharging managerial responsibilities will be set out in the Company's annual report for year ended 31 March 2014 to be published in July 2014.