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ANNUAL GENERAL MEETING // 14 May 2014 Strategy Our strategy is to grow shareholder value through investment in high quality projects within a disciplined financial framework. We seek to maintain the highest standards of corporate

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ANNUAL GENERAL MEETING //

14 May 2014

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14 May 2014 // Page 1

Strategy Our strategy is to grow shareholder value through investment in high quality projects within a disciplined financial framework. We seek to maintain the highest standards of corporate responsibility.

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14 May 2014 // Page 2

Five year track record

5 year average return on capital of 14%

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14 May 2014 // Page 3

Production and development

West Telesto on Dua Roll up of Solan jacket Sea Lion project Catcher project Pelikan project

Tension Leg Platform Floating Storage

& Offloading

Offtake

Tanker

Gas Disposal Wells

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14 May 2014 // Page 4

2013

6 successes from 7 exploration wells

– 40 mmboe of resource added – Finding costs $5.3/boe (pre-tax)

>800 mm of prospective resource

added

Portfolio management

2014

Oil and gas discovery at Kuda Laut
Gas discovery at K-36 in Pakistan
Singa Laut and Ratu Gajah drilling

Exploration

2013 drilling success rate of >80%

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Significant growth in cash flow

generation

– Focus investments on our highest return projects – Sustained distributions to shareholders

Deliver our development projects
Reduce capital exposure to the

Sea Lion project

Ongoing disposal programme
Prioritise balance sheet strength

and financial flexibility

Cash Flows (Current Oil Prices)

2013 2014 Post Solan Post Catcher

Outlook

14 May 2014 // Page 5

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RESOLUTIONS//

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14th May 2014 // Page 7

Resolution 1

Adoption of the Report of Directors, the Auditor’s Report, and the Financial Statements for the year ended 31 December 2013

For Against Withheld Votes % Votes % Votes 337,324,714 99.90 331,070 0.10 1,060,758

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14th May 2014 // Page 8

Resolution 2

Declaration of a final dividend of 5 pence per Ordinary Share for the year ended 31 December 2013

For Against Withheld Votes % Votes % Votes 336,162,667 99.46 1,829,259 0.54 724,616

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14th May 2014 // Page 9

Resolution 3

Approval of the Annual Report on Remuneration for the year ended 31 December 2013

For Against Withheld Votes % Votes % Votes 331,325,251 98.56 4,850,298 1.44 2,540,993

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14th May 2014 // Page 10

Resolution 4

Approval of the Directors’ Remuneration Policy

For Against Withheld Votes % Votes % Votes 289,525,378 86.12 46,648,769 13.88 2,542,395

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14th May 2014 // Page 11

Resolution 5

Re-election of Mr R A Allan as a Director

For Against Withheld Votes % Votes % Votes 336,016,402 99.43 1,933,687 0.57 766,453

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14th May 2014 // Page 12

Resolution 6

Election of Dr S A D Bamford as a Director

For Against Withheld Votes % Votes % Votes 337,566,169 99.89 377,220 0.11 773,153

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14th May 2014 // Page 13

Resolution 7

Election of Mrs A M Cannon as a Director

For Against Withheld Votes % Votes % Votes 337,570,097 99.89 375,161 0.11 771,284

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14th May 2014 // Page 14

Resolution 8

Re-election of Mr J Darby as a Director

For Against Withheld Votes % Votes % Votes 333,957,129 98.82 3,984,412 1.18 775,001

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14th May 2014 // Page 15

Resolution 9

Re-election of Mr A R C Durrant as a Director

For Against Withheld Votes % Votes % Votes 334,353,291 98.94 3,595,509 1.06 767,742

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14th May 2014 // Page 16

Resolution 10

Re-election of Mr N Hawkings as a Director

For Against Withheld Votes % Votes % Votes 336,021,372 99.43 1,927,316 0.57 767,854

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14th May 2014 // Page 17

Resolution 11

Re-election of Ms I J Hinkley as a Director

For Against Withheld Votes % Votes % Votes 336,487,361 99.57 1,439,219 0.43 789,962

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14th May 2014 // Page 18

Resolution 12

Re-election of Mr D C Lindsell as a Director

For Against Withheld Votes % Votes % Votes 333,609,505 98.82 3,989,007 1.18 1,118,030

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14th May 2014 // Page 19

Resolution 13

Re-election of Mr S C Lockett as a Director

For Against Withheld Votes % Votes % Votes 306,942,624 90.83 30,984,579 9.17 789,339

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14th May 2014 // Page 20

Resolution 14

Re-election of Mr A G Lodge as a Director

For Against Withheld Votes % Votes % Votes 336,024,573 99.43 1,924,511 0.57 767,458

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14th May 2014 // Page 21

Resolution 15

Re-election of Mr M Romieu as a Director

For Against Withheld Votes % Votes % Votes 332,736,831 98.46 5,212,678 1.54 767,033

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14th May 2014 // Page 22

Resolution 16

Re-election of Mr M Welton as a Director

For Against Withheld Votes % Votes % Votes 332,170,896 98.29 5,762,584 1.71 783,062

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14th May 2014 // Page 23

Resolution 17

Re-appointment of Deloitte LLP as auditor

For Against Withheld Votes % Votes % Votes 326,163,353 97.70 7,667,136 2.30 4,886,053

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14th May 2014 // Page 24

Resolution 18

Remuneration of the Auditor

For Against Withheld Votes % Votes % Votes 332,355,013 98.34 5,621,841 1.66 739,688

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14th May 2014 // Page 25

Resolution 19

Authority to allot relevant securities pursuant to s551 of the Companies Act 2006

For Against Withheld Votes % Votes % Votes 322,372,044 95.40 15,557,009 4.60 787,489

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14th May 2014 // Page 26

Resolution 20

Authority to allot equity securities pursuant to s571 of the Companies Act 2006

For Against Withheld Votes % Votes % Votes 332,374,757 98.35 5,572,484 1.65 769,301

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14th May 2014 // Page 27

Resolution 21

Authority to make market purchases of Ordinary Shares

For Against Withheld Votes % Votes % Votes 315,216,213 93.27 22,738,664 6.73 761,665

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14th May 2014 // Page 28

Resolution 22

Authority to call general meetings by notice of at least 14 clear days

For Against Withheld Votes % Votes % Votes 307,347,583 90.94 30,607,108 9.06 761,850

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www.premier-oil.com

14th May 2014