Repayment of Convertible Bond

31 March 2015

Ophir Energy plc

Repayment of Convertible Bond

Ophir Energy plc ("Ophir") announces that it has repaid in full and redeemed the $94 million of outstanding convertible bonds (the "Bonds") issued by its subsidiary Salamander Energy plc ("Salamander") which matured on 30 March 2015, along with the associated coupon. This is in line with expectations at the time Ophir acquired Salamander.

Ends

For Further Enquiries please contact:

Ophir Energy plc +44 (0)20 7811 2400

Geoff Callow, Head of Investor Relations

Brunswick Group +44 (0)20 7404 5959

Patrick Handley

Marleen Geerlof

Notes to Editors

Ophir Energy (OPHR.LN) is an upstream oil and gas exploration company which is listed on the London Stock Exchange (FTSE 250). Ophir has a large portfolio of assets across Africa and Asia.

The Group's headquarters are located in London (England), with operational offices in Perth (Australia), Dar es Salaam and Mtwara (Tanzania), Malabo (Equatorial Guinea), Libreville (Gabon) and Nairobi (Kenya).

For further information on Ophir, please refer to www.ophir-energy.com