ROMANIAN GOVERNMENT APPROVED MIDIA DEEPWATER BLOCK TRANSFER

Milan, 29 January 2014

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PRESS RELEASE
ROMANIAN GOVERNMENT APPROVED MIDIA DEEPWATER BLOCK TRANSFER ExxonMobil Exploration and Production Romania Ltd and OMV Petrom S.A. are the titleholders for the deep water portion of the XV Midia Block. Gas Plus International B.V. retains its 15% interest. ExxonMobil Exploration and Production Romania Limited ("ExxonMobil"), OMV Petrom S.A. ("OMV Petrom") and Gas Plus International B.V. ("Gas Plus") announced today that following nd the Romanian Government Decision n° 43 dated 22 January 2014 and published in the th Official Gazette on 28 January 2014, the Transfer Agreement signed in October 2012 between ExxonMobil and OMV Petrom, and Sterling Resources Ltd. and Petro Ventures Europe B.V. for the purchase of hydrocarbon exploration and production rights to the deep water portion of the XV Midia Block ("Midia Deep") became effective. Gas Plus opted to retain its 15% interest in both deep water and shallow water portions of the XV Midia Block. Following completion of the Transfer Agreement, the participating interests in Midia Deep are: ExxonMobil 42.5%, OMV Petrom 42.5%, and Gas Plus 15%. The Midia Deep Joint venture agreement provides for a put option of Gas Plus for the possible sale of its interest to the other partners prior to drilling. Based on terms agreed in February 2013, Romgaz has an option to purchase a 10% participating interest in Midia Deep. Romgaz's option to enter will be triggered by an announcement of a commercial discovery on Midia Deep. ExxonMobil will be the operator of petroleum operations in Midia Deep, which is adjacent to the Neptun Deep block, in which ExxonMobil and OMV Petrom announced a gas discovery in 2012.
Gas Plus is the fourth largest producer of natural gas (as estimated by the Authority for Electricity and Gas) after Eni, Edison and Shell Italy E&P. It is active in the main sectors of the industry of natural gas, particularly in the exploration, production, purchase, distribution and sale to wholesale and final customers. At 31 December 2012 the Group has 50 exploitation concessions located throughout the Italian territory, wholesale markets more than 600 million cubic meter of natural gas per year, manages a total of approximately 1,500 kilometers of distribution network located in 37 municipalities, serves a total of more than 80,000 end users, with a staff of approximately 240 employees. For Further information: www.gasplus.it IR Contacts: Germano Rossi (IR) germanorossi@gasplus.it +39 02 71 40 60 Media Relations Contacts: Giorgio Brugora giorgio.brugora@gmail.com +39 335 78 75 079

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