Stake increase in PL498



Oslo, Norway, 19 December 2013 - Lime Petroleum Norway AS (“Lime Norway”) is pleased to announce that we today have signed an agreement with North Energy to acquire their 20% stake in PL498. After the transaction Lime Norway will hold a 25% stake in PL498. The transaction is pending regulatory approval.

* * *

Lime Norway is a wholly-owned subsidiary of Lime Petroleum Plc. Lime Petroleum Plc is a jointly-controlled entity by Rex International Holding (65%) and Hibiscus Petroleum Berhad (35%).