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2014-04-24

Maurel & Prom : Availability of the report from the independent expert on the potential extension of the exercise period for the share subscription warrants

Paris, 24th April 2014
No. 09-14

Availability of the report from the independent expert on the potential
extension of the exercise period for the share subscription warrants

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The Company's Board of Directors was seized by the representative of the
holders of share subscription warrants requesting it to convene a general
meeting of warrant holders and to put on the agenda of the next shareholders
general meeting of the Company a resolution to approve a potential extension
of the exercise period for the warrants (the initial period being currently
set to end on 30 June 2014).

During its meeting of 26 March 2014, the Board of Directors appointed Ricol
Lasteyrie Corporate Finance as independent expert in charge of the drafting
of a report on the consequences of such an extension.

After reviewing the conclusions of the report from the independent expert, the
Company's Board of Directors, during its meeting of 23 April 2014, formally
convened the general meeting of warrant holders on 16 May 2014 in order to
resolve on the potential extension of the exercise period of the warrants
until 31 December 2015. Pacifico, as holder of more than 10% of the Company's
share capital, will not be entitled to vote at the warrant holders' meeting.

In order not to influence the results of the vote on the extraordinary
resolution relating to the extension of the exercise period at the
shareholders general meeting dated 12 June 2014, Pacifico will adopt a
neutral position by casting two thirds of its voting rights in favour of the
resolution and by abstaining for one third of its voting rights (which
amounts to a vote against).

For information, you can find the report of Ricol Lasteyrie Corporate Finance
on Maurel&Prom's website :www.maureletprom.fr- Part Annual Shareholders
Meetings

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For more information: www.maureletprom.fr

Communication:

MAUREL&PROM

INFLUENCES

Tel: +33 (0)1 53 83 16 45 + 33 (0)1 42 72 46 76

ir@maureletprom.fr

communication@agence-influences.fr
This document may contain forward-looking statements regarding the financial
position, results, business and industrial strategy of Maurel&Prom.
By nature, forward-looking statements contain risks and uncertainties to the
extent that they are based on events or circumstances that may or may not
happen in the future.
These projections are based on assumptions we believe to be reasonable, but
which may prove to be incorrect and which depend on a number of risk factors,
such as fluctuations in crude oil prices, changes in exchange rates,
uncertainties related to the valuation of our oil reserves, actual rates of
oil production and the related costs, operational problems, political
stability, legislative or regulatory reforms, or even wars, terrorism and
sabotage.

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Maurel&Prom is listed for trading on Euronext Paris - Compartment A
CAC® mid 60 - SBF120® - CAC® Mid&Small - CAC® All-Tradable - CAC® All-Share -
CAC PME
ISINFR0000051070
/ BloombergMAU.FP
/ ReutersMAUP.PA

BSA_MAU-24AVRIL14_EN.pdf
http://hugin.info/155421/R/1779878/608344.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Maurel&Prom via Globenewswire

HUG#1779878

Författare Hugin

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