reserves report, page-2

Yes an on the offer-from report

Market Update:
Further to recent announcements regarding unsolicited approaches from US based companies expressing an interest
in acquiring the Companys assets, and to the receipt of the updated independently verified reserves report, the
Board confirms that Macquarie Capital Advisers Limited (including Macquarie Tristone in the US) (Macquarie) has
been engaged by the Company and has also been provided with the reserves report.
The updated reserves report is a highly robust technical assessment of the Companys current proven reserves
position and it will assist Macquarie and the Company with the preparation of an Offering Memorandum and other
associated documentation to enable a sales process to be undertaken.
The Board has determined that it is in the best interests of shareholders to conduct a competitive sale process to
properly test the market for Amadeus assets. This sales process will provide the Board with the opportunity to
determine if a transaction outcome can be achieved which will deliver an acceptable outcome for Amadeus
shareholders.
At this stage, the Company anticipates that the Offering Memorandum will be circulated to interested parties in the
second half of September 2010. Further information about the timing of the sales process will be provided to the
market at that time.