The board of Directors of the MIE Holdings Corporation announced that on January 30, 2013, the company and MIE New Ventures Corporation, Palaeontol Coöperatief U.A., Palaeontol B.V., Emir-Oil LLC, MIE Jurassic Energy Corporation, Asia Power Energy Corporation, Asia Dynamic Energy Corporation, Pan-China Resources Limited, MI Energy Corporation, Gobi Energy Limited and Riyadh Energy Limited entered into a purchase agreement with BofA Merrill Lynch, Deutsche Bank, HSBC, Goldman Sachs and Morgan Stanley in connection with the issuance of the USD 200,000,000 6.875% senior notes due 2018 by the company. In relation to the offer and sale of the Notes, BofA Merrill Lynch and Deutsche Bank are the joint global coordinators, and BofA Merrill Lynch, Deutsche Bank, HSBC, Goldman Sachs and Morgan Stanley are the joint bookrunners and joint lead managers. The company intends to use the net proceeds to repay substantially all of the group's existing indebtedness to Minsheng Bank; and for capital expenditure, working capital and general corporate purposes.

The estimated net proceeds of the issuance of the Notes, after deduction of underwriting fees, discounts and commissions and other estimated expenses payable in connection with the issuance of the Notes, will amount to approximately USD 195 million. Offering Price: The offering price of the Notes will be 100% of the principal amount of the Notes. Interest: The Notes will bear interest at a rate of 6.875% per annum, payable semi-annually in arrears on February 6 and August 6 of each year, commencing on August 6, 2013.