Long Term Incentive Plan

16 December 2014

Bowleven plc ("Bowleven" or the "Company")

Lapse of December 2011 LTIP awards pursuant to the Bowleven Long Term Incentive Plan

Bowleven wishes to announce that the relevant performance conditions applying to the following awards to Directors made under the Bowleven Long Term Incentive Plan ("LTIP") on 12 December 2011 have not been met and accordingly the December 2011 awards listed below have lapsed:-

ENQUIRIES

For further information please contact:

Bowleven plc

Kevin Hart, Chief Executive 00 44 131 524 5678

Peter Wilson, Company Secretary

Brunswick Group LLP

Patrick Handley 00 44 207 404 5959

Simon Maine

Macquarie Capital (Europe) Limited (Nomad)

Jon Fitzpatrick 00 44 203 037 2000

Ken Fleming

Nick Stamp