1 June 2015

Andes Energia plc

("Andes" or "the Company")

Annual Report and Accounts and Notice of AGM

Andes Energia announces that copies of the 2014 Annual Report and Accounts and Notice of AGM will be posted today to all registered shareholders and will be made available for viewing on the Company's website, www.andesenergiaplc.com.ar

Further to the announcement on 21 May 2015, the Annual General Meeting of the Company will be held at the offices of Nabarro, 125 London Wall, London EC2Y 5AL on 25 June 2015, at 2.00p.m.. Please note the change of address and new time.

For further information please contact:

Note to Editors:

Andes Energia is an oil and gas company focussed on onshore South America with a market capitalisation of circa £180m. The Company has its main operations in Argentina and Colombia.

The Company has 26MMbbls of conventional 2P reserves, and it also has certified prospective resources of 659MMboe, primarily in the Vaca Muerta unconventional formation in Argentina and 7.5 million acres across South America.

The Company has approximately 2 million net acres in unconventional plays including 250,000 net acres in the Vaca Muerta formation, which is the second largest shale oil deposit in the world and the only producing shale oil deposit outside of the USA. Over 300 wells have already been drilled and fracked in the Vaca Muerta formation.

Andes is the only AIM quoted company on the London Stock Exchange with exposure to the Vaca Muerta formation.

The Company currently produces 3,300 bbls per day in Argentina and Colombia from 6 conventional fields in Argentina and 2 in Colombia, with positive cash flows generated.  Andes Energia, with its partner YPF, has 30 wells planned over the next 12 months, which are fully funded by the field production cash flow.