AN26: Talisman Energy Inc.: FORM 51-102F3 MATERIAL CHANGE REPORT

  AN26: Talisman Energy Inc.: FORM 51-102F3 MATERIAL CHANGE REPORT

UK Regulatory Announcement

CALGARY, Alberta

                                FORM 51-102F3
                            MATERIAL CHANGE REPORT

Item 1     Name and Address of Company

             Talisman Energy Inc.
             Suite 2000
             888 – 3^rd Street SW
             Calgary, AB T2P 5C5

Item 2       Date of Material Change

             September 10, 2012

Item 3       News Release

             A news release disclosing the material change was issued through
             Marketwire on September 10, 2012.

Item 4       Summary of Material Change

             Talisman Energy Inc.’s (“Talisman”) President and Chief Executive
             Officer, John A. Manzoni, agreed to step down, effective
             September 10, 2012. Hal Kvisle was appointed President and Chief
             Executive Officer.

Item 5.1     Full Description of Material Change

             Talisman’s President and Chief Executive Officer, John A.
             Manzoni, agreed to step down, effective prior to markets opening
             on September 10, 2012. Hal Kvisle, former President and Chief
             Executive Officer of TransCanada Corporation and current director
             of Talisman, was appointed President and Chief Executive Officer.

Item 5.2     Disclosure for Restructuring Transactions

             N/A

Item 6       Reliance on subsection 7.1(2) of National Instrument 51-102

             N/A

Item 7       Omitted Information

             N/A

Item 8       Executive Officer

             For further information, contact Robert R. Rooney, Executive
             Vice-President, Legal and General Counsel by telephone at (403)
             237-1450.

Item 9       Date of Report

             September 13, 2012

Contact:

Talisman Energy Inc.