Luxembourg, 29 August 2017: The Management Board of Deutsche Oel & Gas AG, a subsidiary of Deutsche Oel & Gas S.A., has resolved to propose 

to investors in 25 bearer bonds issued by Deutsche Oel & Gas AG and 27 registered bonds issued by Deutsche Oel & Gas AG that the bond conditions be amended so as to extend the maturities of these bonds to 2019; to make interest – insofar as this is not already the case in the bond conditions – only due at the end of the term; and to ensure the interest rate of individual bonds is unchanged in the first extension year, but then reduced in the second extension year. To this end, for the 25 bearer bonds, a vote will take place without a meeting being held pursuant to the German Bond Act. The conditions of the registered bonds will be changed by a bondholder vote cast in writing.