KrisEnergy Ltd : KrisEnergy announces full redemption of US$120,000,000 Senior Guaranteed Secure Bonds due 2016

.

KrisEnergy announces full redemption of US$120,000,000 Senior Guaranteed Secured Bonds due 2016 Singapore, 30 December 2013 - KrisEnergy Ltd. ("KrisEnergy" or the "Company"), an independent upstream oil and gas company, refers to the US$85,000,000 principal amount of 10.5 per cent. Senior Guaranteed Secured Bonds due 2016 issued by KrisEnergy Holding Company Ltd. ("KEHCL"), its wholly-owned subsidiary on 21 July 2011 and the further issue of an additional US$35,000,000 principal amount of bonds (the "Bonds") on the same terms on 31 May 2013.

The Company informs that KEHCL will, on 30 January 2014, redeem the outstanding principal
amount of US$120,000,000 of Bonds which matures on 21 July 2016. The Bonds will be redeemed at
105.25 per cent. of the principal amount (being US$126,300,000), together with the total amount of accrued interest of US$313,259.67. Bondholders should refer to the Notice to Bondholders dated 30
December 2013 which has been issued to them for further details on the redemption of the Bonds.
There will be no outstanding Bonds following the above-mentioned redemption made by KEHCL.

By Order of the Board

Kelvin Tang
Company Secretary

30 December 2013
The Offering was sponsored by CLSA Singapore Pte Ltd and Merrill Lynch (Singapore) Pte. Ltd. (the "Joint Issue Managers, Global Coordinators, Bookrunners and Underwriters") as joint issue managers, global coordinators, bookrunners and underwriters of the Offering. The Joint Issue Managers, Global Coordinators, Bookrunners and Underwriters assume no responsibility for the contents of this announcement.

Contacts

Richard Lorentz
Director Business Development
T: [phone]
E: [e-mail]
Tanya Pang
Head of Investor Relations & Corporate
Communications
T: [phone]
E: [e-mail]

About KrisEnergy:

KrisEnergy Ltd. is an independent upstream company focused on the exploration for, and the development and production of oil and gas in Southeast Asia. Our strategy is to acquire assets in countries and basins where our technical team has expertise derived from decades of experience. Since 2009, we have built a portfolio of 15 contract areas in Bangladesh, Cambodia, Indonesia, Thailand and Vietnam, spanning the entire exploration-to-production life cycle. In 2013, the Company entered into an agreement to farm-in and operate the G6/48 contract area in the Gulf of Thailand. Once government approvals for this transaction are completed, KrisEnergy will have 16 contract areas in five countries. Our asset portfolio provides a solid foundation from which we intend to grow our business in Southeast Asia.
KrisEnergy's shares are listed on the mainboard of the Singapore Exchange Securities Trading Ltd
under the ticker SK3.
For more information, visit www.krisenergy.com