Heritage Oil Plc responds to recent press speculation and statements attributed to Ugandan officials in relation to confidential international arbitration proceedings which are ongoing between the Government of the Republic of Uganda (the "Ugandan Government") and Heritage Oil & Gas Limited (a wholly owned subsidiary of Heritage) (HOGL) following HOGL's sale of its interests in Blocks 1 and 3A in Uganda on 26 July 2010.

Heritage can confirm that a determination on jurisdictional challenges raised by the Ugandan Government was issued last night by the arbitration tribunal. Heritage is still reviewing the decision but the recent press comments attributed to the Ugandan Government and/or the Uganda Revenue Authority are a misleading representation of a detailed decision. While the arbitral tribunal concluded that it does not have jurisdiction to hear arguments relating to the underlying substantive Ugandan tax matters, Heritage is delighted that the tribunal has rejected the Ugandan Government's challenge to jurisdiction to determine the central question as to the propriety of the alleged imposition of tax with reference to contractual stabilisation clause protection invoked by Heritage together with the breach of other contractual obligations.

Tags: Heritage Oil Ltd.