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2014-04-04

EnQuest PLC: EnQuest PLC (ENQ)

Announcement of pricing of $650 million senior notes

London, April 2014- EnQuest PLC ("EnQuest" or the "Company") is
pleased to announce that it has priced its offering of $650 million
aggregate principal amount of 7.000% senior unsecured notes due 2022
at par (the "Notes"). The size of the offering has been increased
from $500 million, indicated at launch on 26 March, to $650 million.

Interest will be payable semi-annually. The offering is expected to
complete on or about 9 April 2014, subject to customary conditions
precedent for similar transactions. The Notes, the net proceeds of
which will be used for general corporate purposes, will be senior
obligations of the Company and will rank pari passu with all present
and future senior unsecured indebtedness of the Company. The
guarantees of the Notes by certain subsidiaries of the Company will
be subordinated to the obligations of the Guarantors under the
Company's senior secured revolving credit facility.

* * *

This announcement does not constitute an offer to sell or the
solicitation of an offer to buy the Notes or any other security and
shall not constitute an offer, solicitation or sale in the United
States or in any jurisdiction in which, or to any persons to whom,
such offering, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any
jurisdiction.

The Notes and the related guarantees have not been, and will not be,
registered under the U.S. Securities Act of 1933, as amended (the
"Securities Act") and may not be offered or sold within the United
States or to, or for the account or benefit of, U.S. persons except
pursuant to an exemption from, or in a transaction not subject to,
the registration requirements of the Securities Act.

This announcement may include projections and other "forward-looking"
statements within the meaning of applicable securities laws. Any such
projections or statements reflect the current views of the Company
about future events and financial performance. The use of any of the
words "expect," "anticipate," "continue," "will," "project,"
"should," "believe," "plans," "intends" and similar expressions are
intended to identify forward-looking information or statements.
Although the Company believes that the expectations and assumptions
on which such forward-looking statements and information are
reasonable, undue reliance should not be placed on the
forward-looking statements and information because the Company can
give no assurance that such statements and information will prove to
be correct. Since forward-looking statements and information address
future events and conditions, by their very nature they involve
inherent risks and uncertainties.

The forward-looking statements and information contained in this
announcement are made as of the date hereof and the Company
undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by
applicable securities laws.

Within the United Kingdom, this announcement is directed only at
persons having professional experience in matters relating to
investments who fall within the definition of "investment
professionals" in Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 ("relevant persons"). The
investment or investment activity to which this announcement relates
is only available to and will only be engaged in with relevant
persons and persons who receive this announcement who are not
relevant persons should not rely or act upon it.

This press release shall not be considered an "offer of securities to
the public" for purposes of the Luxembourg law on prospectus for
public offering dated 10 July 2005 or give rise to or require the
publication of a prospectus in any EU member state which has
implemented Directive 2003/71/EC (together with any applicable
implementing measures, including Directive 2010/73/EC, in any member
state).

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http://news.cision.com/enquest-plc/r/enquest-plc--enq-,c9564373
http://mb.cision.com/Main/344/9564373/229616.pdf

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