MPI: Additional Information on SEPLAT Financial Data

Regulatory News:

MPI (Paris:MPI):

SEPLAT’s Board of Directors met on 12 March 2014 to review its financial data prior to the Company’s Initial Public Offering (IPO).

For fiscal year 2013, SEPLAT was granted a new tax status. This new factor will have a marked impact on the Company’s main accounting aggregates. Accordingly, SEPLAT’s net sales as at 31 December 2013 may amount to US$453 million, which for MPI would mean a contribution by equity associates of US$188 million (excluding gains on disposals).

Note that MPI held 45% of SEPLAT until 31 August 2013, and then 35% until 24 December 2013. Since that date MPI has held a 30.1% stake in SEPLAT.

This special tax status applies for five years, allowing SEPLAT to enhance its financial structure and strengthen its investment capacity over that period.

SEPLAT updates its website regularly with its latest news and information. To see it all go to: http://seplatpetroleum.com/investor-relations and http://seplatpetroleum.com/media/in-the-news.

For more information: www.mpienergy.com

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This document may contain forward-looking statements about MPI's financial position, income, activities and industrial strategy. 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 related costs, operational problems, political stability, legislative or regulatory reforms, or even wars, terrorism and sabotage.