Providence Resources plc : Covertible Bond Rede...

Embargo 7am
1 August 2012

CONVERTIBLE BOND REDEEMED IN FULL

OUTSTANDING BALANCE OF €11.155 MILLION REDEEMED ON 29 JULY, 2012

Providence Resources P.l.c., ('Providence') the London (AIM) and Dublin (ESM) quoted oil and gas exploration and production company, is pleased to confirm that it has redeemed the outstanding principal amount of the €42 million convertible bond that Providence issued on 29 July 2008 (the "Offer"). This redemption, including interest, was made from existing cash resources and follows other previous repayments, including a partial repayment of €18.5 million made to bondholders in May 2012 (see RNS of May 4, 2012).

Contacts:

Providence Resources P.l.c. Tony O'Reilly	Tel: [phone]
Powerscourt Rob Greening/ Lisa Kavanagh	Tel: [phone]
Murray Consultants Pauline McAlester	Tel: [phone]
Cenkos Securities Plc Adrian Hargrave/ Nick Wells	Tel: [phone]
J&E Davy Eugenee Mulhern	Tel: + 353 (0)1 679 6363
Liberum Simon Atkinson/Clayton Bush	Tel: [phone]

About Providence
Providence Resources Plc is an Irish based oil and gas exploration company whose shares are traded on the AIM market in London and on Dublin's ESM market. Providence's portfolio of production, appraisal and exploration assets includes licence interests in Ireland (offshore) and the United Kingdom (onshore & offshore). In 2011, Providence, along with its partners upwards, commenced a circa $500 million multi-year drilling programme on a number of exploration and development wells in 6 different basins offshore Ireland. This programme represents the largest drilling campaign ever carried out offshore Ireland. www.providenceresources.com.

---

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Providence Resources plc via Thomson Reuters ONE

HUG#1631010