AN26: Talisman Energy Inc.: TALISMAN ENERGY ANNOUNCES PAUL SMITH AS NEW CFO

  AN26: Talisman Energy Inc.: TALISMAN ENERGY ANNOUNCES PAUL SMITH AS NEW CFO

UK Regulatory Announcement

CALGARY, Alberta

Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) has announced the appointment of
Paul R. Smith as Chief Financial Officer (CFO), effective May 20, 2013. Paul
is currently Executive Vice-President, North America, within Talisman.

Scott Thomson, Talisman’s current CFO, is leaving the company to become
President and Chief Executive Officer (CEO) of Finning International, the
world’s largest Caterpillar equipment dealer headquartered in Vancouver,
British Columbia.

“I am very pleased that Paul will fit into this role seamlessly, given his
knowledge of the company, his operational and financial skills, and
international and North American experience,” said Hal Kvisle, President and
CEO. “Paul has a tremendous track record, fully understands the risks and
opportunities of the business, and is a strategic thinker. He played a key
role in transforming Talisman’s North American operations, leaving a
well-positioned business that will continue to be a vital part of Talisman’s
future.

“Importantly, he will provide continuity in our journey to create a more
value-driven proposition for shareholders. Paul will play a key role in
implementing our four strategic priorities, including unlocking the NAV of our
portfolio and maintaining a strong balance sheet, as part of living within our
means.”

Paul Smith joined Talisman in 2009 and soon after was appointed Executive
Vice-President, North America. In this role, Paul led the business
transformation away from a focus on deep sour gas, to a strong position in
four of the leading unconventional plays in North America. This included the
sale of over $5 billion of assets, as well as strategic joint venture
agreements in the Montney and the Eagle Ford.

Paul started his career with British Petroleum (BP) and held senior roles in
various international locations, including Vice-President and Director,
Upstream Projects; CFO for BP’s Trinidad operations; and Upstream
Vice-President for TNK-BP, West Siberia. He received an honours degree in
Economics and Business from Heriot-Watt University in Edinburgh. A successor
for Paul will be announced at a later date.

Commenting on Scott Thomson, Hal Kvisle said, “While we are sad to see him
leave, I am personally very pleased for Scott. This is a great opportunity for
him. Over the last five years, Scott has made a substantial contribution to
Talisman. He led several strategic transactions, helped maintain a strong
balance sheet, and built excellent relationships with our bankers and
institutional investors.”

Talisman Energy Inc. is a global upstream oil and gas company, headquartered
in Canada. Talisman has two core operating areas: the Americas (North America
and Colombia) and Asia-Pacific. Talisman is committed to conducting business
safely, in a socially and environmentally responsible manner, and is included
in the Dow Jones Sustainability (North America) Index. Talisman is listed on
the Toronto and New York stock exchanges under the symbol TLM. Please visit
our website at (www.talisman-energy.com).

For further information, please contact:

Media and General Inquiries:        Shareholder and Investor Inquiries:
Phoebe Buckland                        Lyle McLeod
Manager, External Communications       Vice-President, Investor Relations
Phone: 403-237-1657                    Phone: 403-767-5732
Email: tlm@talisman-energy.com         Email: tlm@talisman-energy.com
                                       

09-13

Contact:

Talisman Energy Inc.
 
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