DEA Group* received a US$100 million payment from EGPC on Wednesday, May 17th 2017

DEA Deutsche Erdoel AG, through its wholly owned subsidiary DEA International GmbH, received a US$100 million payment from EGPC for partial settlement of DEA Group’s outstanding receivables in Egypt.

For further information:

Aleksander Azarnov                                                
Head of Structured Finance and Investor Relations   
T +49 40 6375 2856                                                  
M +49 162 273 2856                                                 
E [email protected]

Olaf Mager
Head of External Communications
T +49 40 6375 2877
M +49 162 273 2877
E [email protected]

Background information

DEA Deutsche Erdoel AG, together with its subsidiaries (“DEA”), is an international independent crude oil and natural gas company with full lifecycle capabilities across exploration, development and production. DEA has proved and probable reserves of 667 million barrels of oil equivalents (MMboe) as at 1 January 2017.

DEA’s focus is on safe, sustainable and environmental conscious exploitation of oil and gas. DEA has 118 years of experience working along the whole upstream value chain as operator or project partner. With a staff of 1,350 employees, DEA has stakes in production facilities and concessions in, among others, Germany, Norway, Denmark, Egypt and Algeria.

* For purposes of the Senior Notes due 2022 issued by DEA Finance SA, the DEA Group consists of L1E Finance GmbH & Co KG and its subsidiaries, including DEA. Pursuant to the indenture governing the Notes, the DEA Group is required to report the consolidated financial accounts of L1E Finance GmbH & Co KG.