Statement re Market speculation

("Premier" or "the Group")

Statement re: Market speculation

14 January 2019

Premier notes the press speculation regarding the possibility of the Group making a UK acquisition.

Premier will continue to look at opportunities to acquire UK North Sea assets in line with the Group's stated strategy. There is no guarantee that the Group will bid in any process or that any process will complete. 

Specifically, no firm decision has been taken to bid for all or any of the assets currently being marketed by Chevron and how, in the event that the Group were to be successful, the acquisition of such assets would be financed.

Current operational performance remains strong with production in the first two weeks of January averaging above 90 kboepd.