Disclosures

THIS PAGE CONTAINS IMPORTANT INFORMATION EXPLAINING YOUR RELATIONSHIP WITH THE OWNER OF THIS WEBSITE AND YOUR RIGHTS TO ACCESS AND USE INFORMATION ON THIS SITE. PLEASE READ THIS PAGE CAREFULLY.

This is the website of Madagascar Oil Limited (the “Company”). The copyright and other rights in all the material on this website are owned by the Company or validly licensed to the Company by the rights owners for inclusion on this website.

The Company shall have no responsibility for access to this website from territories whose laws prohibit such access or where any aspect of this website may be illegal.

Information contained on this website is for information purposes only. No information on this website shall constitute an invitation to invest or otherwise deal in the securities of the Company. The information on this website and documents issued by the Company and available through this website do not constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in the United States or in jurisdictions where to do so would constitute a contravention of the relevant laws of such jurisdiction. This website and the information included here may be changed or updated from time to time without notice. In no event will the Company be held liable for any claims for damages or costs or any loss of any kind arising out of the access to or use of this website or any information contained in or obtained through this website.

The Company hereby expressly disclaims any liability for errors or omissions in the information contained on this web site. The Company does not warrant the accuracy, completeness or currency of this information. The Company undertakes no duty to update the information contained herein after the date such information has been posted to this website.

This website together with any documents issued by the Company and available through this website may contain statements which constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Those statements may appear in a number of places in this website (together with any documents issued by the Company and available through this website) and can be identified by the use of forward-looking terminology such as "believe," "expect," "plan," "may," "will," "should," "anticipate" or similar statements or the negative thereof or other variations thereof. Such forward-looking statements include, without limitation, statements made as to future operations, costs, capital expenditures, cash flow, construction of infrastructure, and operating efficiencies, sales and earnings estimates or trends and expansion plans and projections. Such forward-looking statements are based on current expectations and by their nature involve known and unknown internal and external risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from those expressed or implied. The Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date such statements were made.