--  The Government of the Republic of Uganda ("Government") has provided
    conditional consent for the disposal of the Assets in Uganda 
--  The transaction is expected to complete within five working days
    following finalisation with Government of a mechanism, including
    arbitration, for dealing with any taxes lawfully payable from the
    disposal of the Assets 
--  Heritage has received advice that the disposal of the Assets is not
    taxable in Uganda 
--  On completion of the transaction Heritage will receive US$1.35 billion
    in cash from Tullow Uganda Limited, with deferred consideration of up to
    US$150 million in cash or an interest in a mutually agreed asset 
--  Following completion of the transaction Heritage will provide an update
    on the proposed dividend

--  Heritage is listed on the Main Market of the London Stock Exchange and
    is a constituent of the FTSE 250 Index. The trading symbol is HOIL.
    Heritage has a further listing on the Toronto Stock Exchange (TSX:HOC).
    
--  Heritage is an independent upstream exploration and production company
    engaged in the exploration for, and the development, production and
    acquisition of, oil and gas in its core areas of Africa, the Middle East
    and Russia. 
    
--  On completion of the sale of the Ugandan interests Heritage will receive
    US$1.35 billion in cash. There is a further contingent, deferred
    consideration of up to US$150 million in cash or an interest in a
    mutually agreed asset. 
    
--  Heritage has a producing property in Russia and exploration projects in
    Uganda, the Kurdistan Region of Iraq, the Democratic Republic of Congo,
    Malta, Pakistan, Tanzania and Mali. 
    
--  All dollars are US$ unless otherwise stated. 
    
--  For further information please refer to our website,
    www.heritageoilplc.com