Maple Energy plc Ethanol Business Update (7161Y)

TIDMMPLE

RNS Number : 7161Y

Maple Energy plc

03 December 2014

MAPLE ENERGY PLC

("Maple" or the "Company")

Ethanol Business Update

As previously disclosed, on 25 November 2014 the Company's subsidiaries responsible for its ethanol business, Maple Etanol S.R.L and Maple Biocombustibles S.R.L. (together the "Ethanol Companies"), received a waiver from the senior lenders of the ethanol business (the "Senior Lenders") in respect of the payment obligations under the existing loan agreements for a period of five business days. This waiver has expired and no formal extension has been granted to the Ethanol Companies. However, the Company continues to work with the Senior Lenders to define the steps and actions that will be taken with regard to the Ethanol Companies. The continued working capital support from the Senior Lenders is critical to the Company at the present time.

The Company will provide a further update as appropriate.

For further information, please contact:

Maple Energy plc (+ 51 1 611 4000)

Guillermo Ferreyros Cannock, Chief Executive Officer, and Executive Director

Cenkos Securities plc (+ 44 131 220 6939)

Derrick Lee

Alan Stewart

This information is provided by RNS

The company news service from the London Stock Exchange

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