Premier Oil Announces Board Changes

Monday, January 14, 2008

In line with Premier’s previously stated intention to bring new non-executives onto the Board, Premier is pleased to announce the appointment of Mr. David Lindsell and Mr. Michel Romieu as non-executive directors with effect from 17th January 2008.

Mr. Lindsell has recently retired from Ernst & Young, where he has been a partner for nearly thirty years. He specialises in audit and assurance services. He has extensive experience across a range of industry sectors, with a strong knowledge of the oil and gas sector, having been the audit partner for BP for seven years. His most recent role at Ernst & Young has been to ensure that international accounting standards are applied in a consistent manner throughout the firm.

He is a member of the Financial Reporting Review Panel, a member of the Standards Advisory Council of the International Accounting Standards Board and a member of the Supervisory Board of European Financial Reporting Advisory Group.

Mr. Romieu has over thirty years experience in the international energy sector, including twenty five years with the Elf Group, where he held the positions of Chief Executive Officer of Elf Nigeria, Elf UK and the Group's Gas Division. During his period as Chief Executive of Elf UK, he was elected President of the UK Offshore Operators Association for year 1995.

On his retirement from Elf in 2000, Michel became Director for Gas of CRE, the French Energy Regulator, a position he held until 2003, when he established his own consultancy specialising in advice to the gas industry. Michel is a lecturer on international marketing of natural gas at the French Petroleum Institute and President of Uprigaz, the federation of new entrants in the French gas market.

Premier also announces today the retirement of Mr. Scott Dobbie and Mr. Ron Emerson as non-executive directors, with effect from June 6th 2008, the date of Premier's Annual General Meeting. Mr. Dobbie joined the Board in December 2000 and Mr. Emerson joined the Board in March 2001.

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