BEACH ENERGY LIMITED — M&A Activity 2011

Feb 13, 2011

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For Immediate Release – 14 February 2011 Ref. #018/11

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BEACH OFFER FOR IMPRESS CLOSING ON MONDAY, 21 FEBRUARY 2011

Beach Energy Limited (ASX: BPT, Beach) advises its on-market takeover offer, announced on 6 December 2010 for all of the issued shares in Impress Energy Limited (ASX: ITC, Impress) it does not already own, will close at the end of ASX trading on Monday, 21 February 2011.

Beach's relevant interest in Impress increased by over 1% today, to 72.3%, as a result of a large institutional shareholder selling a 7.5 million parcel of shares, being over a third of its shareholding, into the offer.

The offer price of 8.5 cents per share is final and represents a significant premium to the trading price of Impress shares prior to Beach first expressing an interest in Impress on 22 November 2010.

Impress shareholders should consider the following:

• Beach will request that Impress apply for delisting at the close of the offer;

• There will likely be future capital requirements for the Impress exploration program that remaining Impress shareholders will need to fund; and

• The trading volume of Impress shares will likely fall if the offer closes without Beach having acquired all the Impress shares.

Impress shareholders can accept the offer by instructing their broker to sell their shareholding to Beach through its broker for the offer, Euroz Securities Limited.

For more information contact

Corporate
Reg Nelson	Beach Energy Ltd	08 8338 2833
Investor Relations
Chris Jamieson	Beach Energy Ltd	08 8338 2833
Media
Jane Grieve	FD	08 9386 1233

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