27 March 2013 GB00B7KFPB91/GBP/PLUS-exn CAP ENERGY LIMITED ("Cap" or the "Company") Funding update Further to CAP's announcement on 7 March 2013, the Directors of the Company are pleased to announce an update on the Company's funding position. In January 2013, the Company secured GBP 100,000 through the subscription of 20,000,000 ordinary shares of 0.5p each in the Company ("Ordinary Shares") by Lina Haidar, Chief Executive Officer of the Company, and Alex Haly, who is now a Director of the Company. Ms. Haidar and Mr. Haly have also agreed to lend the Company Euro 100,000 and USD 196,289 respectively to provide the Company with the funds required to complete the Guinea-Bissau transaction (announced on 7 March 2013) and with additional working capital. Global Energy Trade Limited ("GET"), a Company of which Lina Haidar is a director and of which she and Alex Haly are shareholders, also lent the Company GBP 100,000. Ms. Haidar was issued with Euro 100,000 of Convertible Loan Notes (the "Loan Notes") on 26 March 2013 in respect of the Euro 100,000 lent by her to the Company on 25 February 2013. The Loan Notes pay interest at the rate of 6% per annum and are convertible into Ordinary Shares by 25 February 2014 (or earlier, in certain specified circumstances) at a conversion price equivalent to the greater of 80% of the middle market price for an Ordinary Share as shown by the ICAP Securities and Derivatives Exchange Limited at the close of business on the conversion date or the nominal value per Ordinary Share. Mr. Haly was issued with Loan Notes totaling USD 196,289 on 26 March 2013 in respect of the his loan to the Company on 25 February 2013 and GET was issued with Loan Notes totalling GBP 100,000 on 26 March 2013 in respect its loan to the Company on 25 February 2013. The terms of the Loan Notes issued to Mr. Haly and GET are the same as those of the Loan Notes issued to Ms. Haidar. Completion of the acquisition of the Guinea-Bissau interest is expected to take place by 6 April, 2013. Cap is pleased to report that Ms. Haidar and Mr. Haly have indicated that they will continue to provide financial support to the Company during the initial phase of its development. The Directors of Cap Energy Limited are responsible for the contents of this announcement. For further information please contact: Tim Hearley, Chairman Tel: +44 (0) 7850 390998 Email: [ tim.hearley@capenergyplc.com ] Lina Haidar, Chief Executive Officer Tel: +44 (0) 20 7491 9196 Email:[ lina.haidar@capenergyplc.com ] Corporate Adviser: Mark Anwyl and Duncan Vasey Peterhouse Corporate Finance Limited Tel: +44 (0) 20 7469 0930 Email:[ duncan@pcorpfin.com ] Public Relations: Ian Proud Associates Ian Proud Tel: + 44 (0) 7956 909418 Email:[ ianproud@IP-Associates.demon.co.uk ] CAP Energy Limited 25 Dover Street London W1S 4LX Tel: +44 (0) 20 7491 9196 Email: [ info@capenergyplc.com ]

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