The following replaces the 'Share Buyback Programme' announcement released on 27 November 2014 at 17.22 under RNS No 2401Y.

As previously released the announcement did not include the relevant figures in the table.

The full amended text is shown below.

Share Buyback Programme

Transaction in Own Shares

27 November 2014

Premier Oil plc (the "Company") announces that it has purchased the following number of ordinary shares of 12.5 pence each:

The purchased shares will be cancelled. The total number of voting rights in Premier Oil plc, detailed above, may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

This announcement is made in accordance with the requirements of Listing Rule 12.4.6 and Disclosure and Transparency Rule 5.6.1A.

Further enquiries:

Investor Relations:
Elizabeth Brooks         Tel: +44 (0)20 7730 1111

Company Secretariat:
Rachel Benjamin        Tel: +44 (0)20 7730 1111