INFORMATION BOOKLET 25 November 2013 PREMIER OIL PLC 5% BONDS DUE 2020 Joint Lead Managers Barclays Canaccord Genuity Limited Lloyds Bank Authorised Offerors Barclays Stockbrokers Brown Shipley Canaccord Genuity Wealth Killik & Co Redmayne Bentley LLP Selftrade Smith & Williamson This is an advertisement and not a prospectus. Any decision to purchase or sell the Bonds should be made solely on the basis of a careful review of the Prospectus and Final Terms.
IMPORTANT INFORMATION This Information Booklet is an advertisement for the purposes of Prospectus Rule 3.3 and Article 34 of Commission Regulation (EC) No 809/2004 (as amended) and is not a prospectus for the purposes of EU Directive 2003/71/EC (as amended) (the Directive ) and/or Part VI of the Financial Services and Markets Act 2000 (the FSMA ). Premier Oil plc ( Premier Oil ) is the legal entity that will issue the Bonds (the meaning of that term is explained below) and certain subsidiaries of Premier Oil defined as the Subsidiary Guarantors in the Prospectus (as defined and referred to below) are, or will be, the legal entities that will guarantee payments under the Bonds in accordance with their terms. Please refer to the section headed Key Features of the Bonds - Guarantee on page 5 of this document for full details of the guarantee. References to Premier Oil or to the Issuer in this document are references to Premier Oil plc, references to the Guarantors are references to the subsidiaries of Premier Oil which are defined as the Subsidiary Guarantors in the Prospectus. Premier Oil plc is the parent company of the Premier Oil Group. References to the Group or the Premier Oil Group are references to Premier Oil plc and its subsidiaries taken as a whole. This Information Booklet is a financial promotion prepared by Premier Oil and approved by Barclays Bank PLC, Canaccord Genuity Limited and Lloyds Bank plc solely for the purposes of section 21(2)(b) of the FSMA. Barclays Bank PLC ( Barclays Bank ) (incorporated in England No. 1026167), whose registered office is 1 Churchill Place, London, E14 5HP, is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, Canaccord Genuity Limited ( Canaccord Genuity ) (incorporated in England No. 1774003) whose registered office is 88 Wood Street, London, EC2V 7QR, is authorised and regulated by the Financial Conduct Authority and Lloyds Bank plc ( Lloyds Bank ) (incorporated in England No. 2065), whose registered office is 25 Gresham Street, London, EC2V 7HN, is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority and is a member of the London Stock Exchange. This Information Booklet is not an offer for the subscription or sale of the Bonds (defined in the following paragraph). This Information Booklet relates to the Premier Oil 5% Sterling fixed rate Bonds due 2020 (referred to in this Information Booklet as the Bonds ). A base prospectus dated 18 November 2013 (the Prospectus ) which relates to Premier Oil plc s 500,000,000 Euro Medium term Note Programme and which comprises a base prospectus for the purposes of Article 5.4 of the Directive, and final terms relating to the Bonds dated 25 November 2013 (the Final Terms ), have been prepared and made available to the public in accordance with the Directive. Copies of the Prospectus and Final Terms are available from the website of Premier Oil (www.premier-oil.com/ bonds) and the website of the London Stock Exchange plc (www.londonstockexchange. com/newissues). Your Authorised Offeror will provide you with a copy of the Prospectus and the Final Terms. 1
This Information Booklet should not be relied on for making any investment decision in relation to the purchase of the Bonds. Any investment decision should be made solely on the basis of a careful review of the Prospectus and the Final Terms. Please therefore read both the Prospectus and the Final Terms carefully before you invest. You should ensure that you understand and accept the risks relating to an investment in the Bonds before making such an investment. You should seek your own professional investment, legal and tax advice as to whether an investment in the Bonds is suitable for you. The Bonds may only be sold in Jersey in compliance with the provisions of the Control of Borrowing (Jersey) Order 1958 and the Financial Services (Jersey) Law 1998. The Bonds may only be sold in Guernsey in compliance with the provisions of the Protection of Investors (Bailiwick of Guernsey) Law 1987. The Bonds may only be sold in the Isle of Man in compliance with the provisions of the Isle of Man Financial Services Act 2008 and the Regulated Activities Order 2011. This Information Booklet is not for distribution in the United States of America or to U.S. persons. The Bonds have not been and will not be registered under the United States Securities Act of 1933, as amended (the Securities Act ) and the Bonds, which are in bearer form, are subject to certain U.S. tax law requirements. The Bonds may not be offered, sold or delivered within the United States of America or to U.S. persons. For additional information, see the Subscription and Sale section in the Prospectus and item 8(vi) in Part B of the Final Terms. 2
PREMIER OIL PLC 5% BONDS DUE 2020 The Premier Oil 5% Sterling fixed rate Bonds due 2020 pay interest of 5% per annum on the face value of 100 per Bond. The Bonds will be issued by Premier Oil and payments in respect of them will be guaranteed by the Guarantors (i.e. those subsidiaries of Premier Oil defined as the Subsidiary Guarantors in the Prospectus). Please refer to the sections headed Key Features of the Bonds and Key Risks of Investing in the Bonds for further information on the guarantors and the guarantee and its limitations. Interest will be paid in two equal instalments a year, on 11 June and 11 December every year (with the first payment being made on 11 June 2014) up to and including 11 December 2020 (the Maturity Date ), unless the Bonds have previously been redeemed or purchased and cancelled. On the Maturity Date (i.e. 11 December 2020) Premier Oil is required to repay an amount equal to the face value of the Bonds (i.e. 100 for each Bond) unless the Bonds have previously been redeemed or purchased and cancelled. If Premier Oil and the Guarantors go out of business or become insolvent before the Maturity Date, you may lose some or all of your investment. The only way to purchase these Bonds is through a stockbroker or other financial intermediary which has been granted consent by the Issuer and the Guarantors to use the Prospectus and Final Terms (an Authorised Offeror ). Contact your stockbroker or other financial intermediary today, or any of those listed in the Authorised Offerors section of this document on page 12 if you wish to purchase these Bonds. The minimum initial amount of Bonds you must buy is 2,000. Purchases of greater than 2,000 must be in multiples of 100. After the initial purchase of Bonds during the Offer Period, the Bonds can be bought and sold in multiples of 100. Your Authorised Offeror will provide you with a copy of the Prospectus and the Final Terms. You should read the Important Information section of this document on page 1. 3
What is a bond? A fixed rate bond is a form of borrowing by a company seeking to raise funds from investors. The Bonds have a fixed life. The company promises to pay a fixed rate of interest to the investor until the date that the bond matures (i.e. in the case of the Bonds, the Maturity Date) when it also promises to repay the amount borrowed. A bond is a tradable instrument; meaning that you do not have to keep the Bonds until the date when they mature. The market price of a bond will vary between the start of a bond s life and the date when it matures. Please see the Key Risks of Investing in the Bonds and Further Information - How to trade the Bonds sections of this document on pages 7 & 10. Interest on the Bonds The level of interest payable on the Bonds is fixed when the Bonds are issued. The rate of interest on the Bonds is 5% per annum. Therefore, for every 2,000 of Bonds (i.e. the minimum initial amount of Bonds you may buy) held, Premier Oil will pay interest of 50 twice a year until the Maturity Date, starting on 11 June 2014. You should refer to the section headed Key Risks of Investing in the Bonds on page 7 of this document for information on the risks relating to an investment in the Bonds. Payment on the face value of the Bonds Provided that Premier Oil does not go out of business or become insolvent, and provided that the Bonds have not been redeemed or purchased and cancelled early, the Bonds will be redeemed at 100% of their face value (i.e. 100) on the Maturity Date (i.e. 11 December 2020). 4
KEY FEATURES OF THE BONDS Issuer: Premier Oil plc. Guarantee: All payments due from Premier Oil under the Bonds (in accordance with their terms) will be guaranteed by the Guarantors (i.e. those subsidiaries of Premier Oil defined as the Subsidiary Guarantors in the Prospectus). This means that if Premier Oil does not pay such amounts under the Bonds when they are due, the Guarantors will (assuming that they are solvent and able to) pay them on its behalf - please refer to Guarantee and Status in Terms and Conditions of the Notes (the Conditions ) at page 125 of the Prospectus. In the event that the Guarantors do not fulfil these obligations, you may lose some or all of your investment. See the section headed Key Risks of Investing in the Bonds on page 7 of this document for information on the risks relating to an investment in the Bonds. The identity of the Guarantors is subject to change. Premier Oil has undertaken to procure that the guarantors of the Bonds will consist of those subsidiaries of Premier Oil plc (if any) which are either a borrower under or provide a guarantee in respect of the Group s principal banking facilities or any bond type debt. At any given time therefore, there may be no entities acting as guarantors in respect of the Bonds. Interest rate: 5% per annum. Your actual return will depend on the price at which you purchase the Bonds and, if you do not hold the Bonds until maturity, the price at which you sell your Bonds. such earlier time and date as agreed by Premier Oil, the Guarantors and the Joint Lead Managers and announced via a Regulatory Information Service (which is expected to be the Regulatory News Service operated by the London Stock Exchange) (the End of Offer Date ). Authorised Offerors: A number of authorised offerors (listed on page 12 of this Information Booklet) have been approved by Premier Oil and the Guarantors to provide this document, the Prospectus and the Final Terms to potential investors in the Bonds until the End of Offer Date. Premier Oil has also granted its consent for other financial intermediaries to use the Prospectus and Final Terms for the purposes of making offers of the Bonds to potential investors in the United Kingdom. The conditions attached to this consent are set out in the section headed Important Legal Information Basis of Consent on page 116 of the Prospectus and paragraph 8(vii) of Part B of the Final Terms. Any offer to sell the Bonds made or received from any other party, or by any party after the End of Offer Date, may not have been approved by Premier Oil and the Guarantors and you should check with such party whether or not such party is so approved. Date on which the Bonds are issued and on which interest begins to accrue: 11 December 2013. Term of the Bonds: 7 years. Interest payments: Interest will be paid in two instalments a year, on 11 June and 11 December in each year, starting on 11 June 2014, up to and including the Maturity Date (11 December 2020). Offer Period: The Bonds are available for purchase through your stockbroker or other financial intermediary in the period from 25 November 2013 until noon on 6 December 2013 (London time) or Maturity Date (i.e. when the Bonds mature and are repayable): 11 December 2020. Face value of each Bond: 100. Although the face value of each Bond is 100, it is not possible to purchase less than 2,000 during the Offer Period. In the secondary market, it should be possible to purchase and sell the Bonds in multiples of 100. 5
Issue price: 100 per cent. of the face value of each Bond (i.e. 100). Negative Pledge: Premier Oil and the Guarantors undertake that neither they nor any of their respective subsidiaries will create a security interest over any of their assets to secure any bond type debt and/or any debt raised under the principal bank facilities of the Group without equally and at the same time securing the Bonds, subject to certain exceptions set out in the Conditions. Redemption at Maturity Date: Assuming Premier Oil does not go out of business or become insolvent, and assuming the Bonds have not been redeemed or purchased and cancelled early, the Bonds will be redeemed at 100 per cent. of their face value on the Maturity Date (i.e. 11 December 2020). Early Redemption by the Issuer: Premier Oil will have the option to redeem the Bonds early (in whole but not in part), at any time at 100% of their face value or, if higher, an amount calculated by reference to the prevailing yield of the 3.75% United Kingdom Government Treasury Stock due 2020 plus a margin of 0.5%, together with any accrued interest, as further detailed in the Final Terms. Early redemption due to change in relevant tax laws: In the event of any actual or proposed change in tax law that would result in the Issuer or the Guarantors being required to pay additional amounts in respect of the Bonds, the Bonds may be redeemed early in certain circumstances (in whole but not in part) at the Issuer s option at their early redemption amount as set out in the Conditions plus accrued interest. Optional early redemption by the bondholders: Holders of the Bonds will have the option to require the Issuer to purchase or redeem the Bonds at 100% of their face value, together with interest accrued, on a change of control event (as further detailed in Redemption Following Change of Control and Terms and Conditions of the Notes at pages 148-151 of the Prospectus). Trading: Investors will, subject to market conditions, be able to buy Bonds or sell their Bonds during the term of the Bonds. See the Key Risks of Investing in the Bonds and Further Information - How to trade the Bonds sections of this document for more details. ISA and SIPP eligibility: At the time of issue, the Bonds should be eligible for investing in a Stocks & Shares ISA or SIPP. Bond ISIN: XS0997703250. Amount of Bonds to be issued: The total amount of the Bonds to be issued will depend on the number of applications to purchase the Bonds received before the End of Offer Date. There is no minimum total amount of Bonds that may be issued. Joint Lead Managers: Barclays Bank PLC, Canaccord Genuity Limited and Lloyds Bank plc. You should refer to the Important Information and Key Risks of Investing In The Bonds sections of this documents and to the Prospectus and to the Final Terms. 6
KEY RISKS OF INVESTING IN THE BONDS A number of particularly important risks relating to an investment in the Bonds are set out below. The risks set out below are not intended to be a comprehensive list of all the risks that may apply to an investment in the Bonds. You should seek your own independent professional investment, legal and tax advice as to whether an investment in the Bonds is suitable for you. You should be aware that you could get back less than you invest or lose your entire initial investment. Full risk factors relating to Premier Oil, the Guarantors and the Bonds are set out in the section headed Risk Factors on page 17 of the Prospectus. Please read them carefully. As subsidiaries of the Issuer, if Premier Oil goes out of business or becomes insolvent, it is likely that that the Guarantors will also be facing financial difficulties and/or insolvency. This means that the Guarantee may be of limited value in terms of continuing to receive interest under the Bonds or recovering the money you have invested. Please refer to the section headed Key Features of the Bonds - Guarantee on Page 5 of this document for full details of the guarantee. All obligations arising out of or in connection with the Bonds will be the sole responsibility of Premier Oil and the Guarantors (in the event that Premier Oil is unable to make payments). If Premier Oil and the Guarantors go out of business or become insolvent, you may lose some or, in the worst case scenario, all of your investment in the Bonds. Unlike a bank deposit, the Bonds are not covered by the Financial Services Compensation Scheme ( FSCS ). As a result, the FSCS will not pay compensation to an investor in the Bonds in the event of the failure of Premier Oil or the Guarantors. If you choose to sell your Bonds at any time prior to the Maturity Date, the price you receive from a purchaser could be less than your original investment. Factors that will influence the market price of the Bonds include, but are not limited to, market appetite, inflation, the time of redemption, interest rates and the financial position of Premier Oil and the Guarantors. In particular, you should note that: if interest rates start to rise, then the income to be paid by the Bonds might become less attractive on a relative basis and the price you get if you sell could fall. However, the market price of the Bonds has no effect on the income you receive or what you get back on expiry of the Bonds if you hold on to the Bonds until they mature; and inflation will reduce the real value of the Bonds. This may affect what you could buy with the return on your investment in the future and may make the fixed interest rate on the Bonds less attractive in the future. If you invest at a price other than the face value of the Bonds, the overall return or yield on the investment will be different from the headline yield on the Bonds. The headline indication of yield applies only to investments made at (rather than above or below) the face value of the Bonds. There is no guarantee of what the market price for selling or buying the Bonds will be at any time. If prevailing market conditions reduce market demand for the Bonds, the availability of a market price may be impaired. Although Barclays Bank PLC, Canaccord Genuity Limited and Lloyds Bank plc will act as market makers (See the Further Information - How to trade the Bonds section of this document) for the Bonds, if trading activity levels are low, this may severely and adversely impact the price that you would receive if you wish to sell your Bonds. 7
PREMIER OIL PLC Overview Premier Oil plc is an international independent oil and gas exploration and production company headquartered in London with a market capitalisation of approximately 1.8 billion as at 31 October 2013. It is the parent company of the Premier Oil Group which has interests in ten countries, with significant assets in the North Sea, both UK and Norway, Indonesia, Vietnam, Pakistan and the Falkland Islands. History The Premier Oil Group was founded 79 years ago in Scotland to pursue oil and gas exploration and production activities in Trinidad. In 1936, the Group s holding company was publicly listed in London as Premier (Trinidad) Oilfields Limited, and for the next two decades the Group focussed on oil production in Trinidad. The Group acquired its first interest in the North Sea in 1971 and over the next few decades expanded its presence into other geographical areas. The Group today pursues its strategy of low-risk development of existing discovered reserves whilst maintaining shareholder leverage to material exploration upside. The Group is pre-funded for its committed development and exploration programmes. Assets The portfolio consists of oil and gas fields which are already producing, discovered fields not yet producing which are undergoing development planning and execution, and licences to explore for new oil and gas fields in prospective areas. Fields which are already producing or for which the decision to invest in the development has already been made are classified as 2P reserves and other undeveloped discoveries are classified as 2C contingent resources. Current production comes from 20 producing assets in the UK, Pakistan, Vietnam and Indonesia. Production for the year ended 31 December 2012 was 57,700 barrels of oil equivalent per day and production for the first half of 2013 was 58,600 barrels of oil equivalent per day. Because of the quality of the assets, the Group s existing producing fields generate significant cash flow even at lower oil and gas prices, and the company also has a conservative hedging policy in place. The Group also has a portfolio of discovered fields in the development phase. Projects that are planned to commence production in the next few years are located in the UK, Norway, Vietnam, Indonesia and the Falkland Islands. The Group is targeting future production rates in excess of 100,000 barrels of oil equivalent per day based on the potential of this portfolio, and is the operator of the majority of the projects. As at 31 December 2012, the Group had a reserves and contingent resource base of 772.7 million barrels of oil equivalent including 2P reserves of 291.9 million barrels of oil equivalent, based on its own appraisal of its assets. Based on these booked reserves and the average production for the full year ending 31 December 2012, the average remaining life span of the fields that are currently producing would be 13 years, but the Group expects to extend the longevity of the portfolio by bringing as yet undeveloped discoveries on to production and with future exploration success. The Group s strategy is comprised of five main elements: Increasing near-term production to 75,000 barrels of oil equivalent per day from its existing proven and probable reserves base; Promoting further growth through commercialising the Group s contingent resources; 8
Norway Exploration / Development NORWAY End 2012 total reserves 292 mmboe UK 124 mmboe 13.4 kboepd UK H1 2013 production 58.6 kboepd IRAQ PAKISTAN Brazil Exploration MAURITANIA VIETNAM KENYA INDONESIA BRAZIL FALKLANDS Falklands 233 mmboe 2C Mauritania 1 mmboe 0.6 kboepd Iraq Exploration Kenya Exploration Pakistan 34 mmboe 15.3 kboepd Indonesia 97 mmboe 14.1 kboepd Vietnam 36 mmboe 15.2 kboepd Adding 200 million barrels of reserves through exploration by focusing on core geologies, in order to underpin the Group s medium term production target of 100,000 BOE per day; Making value-adding acquisitions in the Group s six business units (UK, Norway, Pakistan/Mauritania, Indonesia, Vietnam and the Falkland Islands); and Maintaining financial strength and access to capital markets. Note: million barrels of oil equivalent ( mmboe ) and; thousand barrels of oil equivalent per day ( kboepd ) Financial track record In the financial year ended 31 December 2012, the Group achieved revenues of US$1,408.7 million and a profit after tax of US$252.0 million. In the six months to 30 June 2013, the Group achieved revenues of US$757.8 million and a profit after tax of US$161.1 million. As at 30 June 2013, the Group had cash resources and undrawn bank facilities of approximately US$1 billion and a gearing of 39 per cent. Net debt was US$1,315.8 million including cash resources of US$182.3 million. You should refer to the sections headed Description of the Issuer and the Group on page 36 in the Prospectus and Description of the Initial Subsidiary Guarantors on page 88 in the Prospectus for full information on the Group. 9
FURTHER INFORMATION Holding the Bonds The Bonds will be held in custody for you by your Authorised Offeror, or as may be arranged by your stockbroker or financial adviser. Pricing information for sales and purchases of the Bonds in the market will be available during market hours (8.00am to 4.30pm London time) and in normal market conditions on the ORB. How to trade the Bonds The Bonds are expected to be listed on the Official List of the UK Listing Authority and admitted to trading on the regulated market of the London Stock Exchange plc. The Bonds are also expected to be eligible for the London Stock Exchange s electronic Order Book for Retail Bonds ( ORB ). The ORB was launched in response to private investor demand for easier access to trading bonds with the aim of providing a transparent and efficient mechanism for UK retail investors to access the bond markets. The Bonds are tradable instruments and prices will be quoted in the market during trading hours. The Bonds are expected to be supported in a market-making capacity by Barclays Bank PLC, Canaccord Genuity Limited and Lloyds Bank plc. Market-making means that a person will maintain prices for buying and selling the Bonds. Each of Barclays Bank PLC, Canaccord Genuity Limited and Lloyds Bank plc will be appointed as a registered market maker through the ORB (www. londonstockexchange.com/exchange/prices-andmarkets/retail-bonds/retail-bonds-search.html) when the Bonds are issued. Investors should, in most normal circumstances, be able to sell their Bonds at any time, subject to market conditions, by contacting their stockbroker. As with any investment, there is a risk that an investor could get back less than his/her initial investment or lose his/her initial investment in its entirety. See the section headed Key Risks of Investing in the Bonds on page 7 of this document. As noted above, notwithstanding that Barclays Bank PLC, Canaccord Genuity Limited and Lloyds Bank plc will act as market makers (as explained above), if trading activity levels are low, this may severely and adversely impact the price that an investor would receive if he/she wishes to sell his/ her Bonds. Fees Premier Oil will pay certain fees and commissions in connection with the offer of the Bonds. The Joint Lead Managers will receive a fee of 0.9% of the aggregate nominal amount of the Bonds of which 0.5% will be distribution fees available to Authorised Offerors as follows: (i) each Initial Authorised Offeror (as defined in the Final Terms) will be entitled to receive a fee of up to 0.5% of the total face value of the Bonds issued and allotted to such Initial Authorised Offeror; and (ii) each Additional Authorised Offeror will be entitled to receive a fee of up to 0.25% of the total face value of the Bonds issued and allotted to such Additional Authorised Offerors. Authorised Offerors may charge expenses to you in respect of any Bonds purchased and/or held. These expenses are beyond the control of the Issuer and are not set by the Issuer. Neither the Issuer, the Guarantors nor (unless acting as an Authorised Offeror) any of the Joint Lead Managers is responsible for the level or payment of any of these expenses. 10
Taxation of the Bonds The tax treatment of an investor will depend on his or her individual circumstances and taxation law and practice at the relevant time (and so may be subject to change in the future). Prospective investors should consult their own independent professional tax advisers to obtain advice about their particular tax treatment in relation to the Bonds. If you make an investment in the Bonds, the tax treatment which will apply to you will depend on your individual circumstances and taxation law and practice at the relevant time (and so may be subject to change in the future). ISA and SIPP eligibility of the Bonds At the time of issue, the Bonds should be eligible for investing in a stocks and shares ISA (Individual Savings Account) or SIPP (a self-invested personal pension). However, prospective investors should seek independent advice as to whether the specific terms of their arrangement permits investment of this type. The tax treatment of an investor will depend on his/her individual circumstances and taxation law and practice at the relevant time (and so may be subject to change in the future). See also the Taxation of the Bonds section above. Please also refer to the section at page 114 of the Prospectus entitled Taxation for information regarding certain aspects of United Kingdom taxation of payments of interest on the Bonds. All amounts, yields and returns described herein are shown before any tax impact. You should refer to the sections headed Subscription and Sale on page 105 of the Prospectus, Taxation on page 114 of the Prospectus, Important Legal Information on page 116 of the Prospectus and Additional Information on page 185 of the Prospectus. It is the responsibility of every investor to comply with the tax obligations operative in their country of residence. 11
AUTHORISED OFFERORS Barclays Stockbrokers www.barclaysstockbrokers.co.uk/pages/ PremierOil.aspx Brown Shipley www.brownshipley.com/retail-bonds Canaccord Genuity Wealth www.canaccord.com/wm Killik & Co www.killik.com/bonds Redmayne Bentley LLP www.redmayne.co.uk/premier Selftrade www.selftrade.co.uk/premier Smith & Williamson www.smith.williamson.co.uk/fixed-incomedealing-service 12
DISCLAIMER The contents of this document are indicative and are subject to change without notice. This document should not be relied on for making any investment decision in relation to the purchase of Bonds. Any decision to purchase or sell the Bonds should be made by you solely on the basis of a careful review of the Prospectus and the Final Terms. Please therefore read the Prospectus and the Final Terms carefully before you invest. Before buying or selling any Bonds you should ensure that you fully understand and accept the risks relating to an investment in the Bonds, otherwise you should seek professional independent advice. Each of Barclays Bank PLC, Canaccord Genuity Limited and Lloyds Bank plc is acting for itself and will not act and has not acted as your legal, tax, accounting or investment adviser and will not owe you or your clients any fiduciary duties in connection with a purchase or sale of the Bonds or any related transaction. No reliance may be placed on any of Barclays Bank PLC, Canaccord Genuity Limited or Lloyds Bank plc for advice or recommendations of any sort. Barclays Bank PLC, Canaccord Genuity Limited and Lloyds Bank plc make no representation or warranty to you with regard to the information contained in the Prospectus and the Final Terms. This Information Booklet contains information derived from the Prospectus and the Final Terms and is believed to be reliable but, in so far as each of them may do so under applicable law, Barclays Bank PLC, Canaccord Genuity Limited and Lloyds Bank plc do not warrant or make any representation as to its completeness, reliability or accuracy. Neither Barclays Bank PLC, Canaccord Genuity Limited, Lloyds Bank plc, Premier Oil nor any Guarantor is responsible for any advice or service you may receive from a third party in relation to the Bonds. Barclays Bank PLC, Canaccord Genuity Limited and Lloyds Bank plc and their affiliates, connected companies, employees and/or clients may have an interest in the Bonds and/or in related investments. Such interest may include dealing, trading, holding, acting as market makers in such instruments and may include providing banking, credit and other financial services to any company or issuer of securities referred to herein. This document does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase, any Bonds. Any purchase or sale of Bonds should only be made on the basis of the information contained in the Prospectus and the Final Terms, available as described above.