Caracal Energy Inc. Block Listing and Issue of Common Shares

Monday, December 30, 2013

Release

CALGARY, Dec. 27, Caracal Energy Inc. (“Caracal” or the “Company“) (CRCL.L) announces that applications have been made to the Financial Conduct Authority for admission to the Official List, and to the London Stock Exchange plc for admission to trading, of a total of 7,471,946 common shares (“Shares“). It is anticipated that these Shares will be admitted at 8a.m. (GMT) on 31 December 2013 .

The applications have been made in respect of:

3,000,000 Shares to be issued on the exercise of share awards made under the Company’s Employee Option Plan, which have been reserved under a block listing;
1,508,333 Shares to be issued on the exercise of share awards made under the Company’s Employee Performance Warrant Plan, which have also been reserved under a block listing; and
2,963,613 Shares to be issued on 30 December 2013 pursuant to the terms of outstanding convertible securities which were issued by the Company on 13 September 2012 .

When issued, these Shares will rank pari passu in all respects with the existing Shares of the Company.

As at 30 December 2013 , following the issuance of the 2,963,613 Shares pursuant to the terms of outstanding convertible securities, the Company’s issued share capital will consist of 146,496,025 common shares. The Company does not hold any treasury shares. Therefore, the total number of voting rights in the Company as at 30 December 2013 will be 146,496,025. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules (“DTRs”).

This announcement is in conformity with DTR 5.6.1A (1).

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Caracal Energy Inc. Block Listing and Issue of Common Shares

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Caracal Energy Inc. Block Listing and Issue of Common Shares

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