Talisman Energy Declares Semi-Annual Common Share Dividend and Quarterly Preferred Share Dividend

Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) today declared a semi-annual dividend on the company's common shares of US$0.135 per share. The dividend will be paid on June 29, 2012 to shareholders of record at the close of business on May 25, 2012.

The company has also declared a quarterly dividend of C$0.2625 on its Cumulative Redeemable Rate Reset First Preferred Shares, Series 1. The dividend will be paid on July 3, 2012 to shareholders of record at the close of business on May 25, 2012.

Talisman Energy Inc. is a global, diversified, upstream oil and gas company, headquartered in Canada. Talisman's three main operating areas are North America, the North Sea and Southeast Asia. The company also has a portfolio of international exploration opportunities. Talisman is committed to conducting business safely, in a socially and environmentally responsible manner, and is included in the Dow Jones Sustainability (North America) Index. Talisman is listed on the Toronto and New York stock exchanges under the symbol TLM. Please visit our website at www.talisman-energy.com.

Contacts: Talisman Energy Inc. - Media and General Inquiries: David Mann Vice-President Corporate & Investor Communications 403-237-1196 403-237-1210 (FAX)tlm@talisman-energy.com Talisman Energy Inc. - Shareholder and Investor Inquiries: Lyle McLeod Vice-President Investor Relations 403-237-1020 403-237-1902 (FAX)tlm@talisman-energy.com www.talisman-energy.com

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