Talisman Energy

Talisman is committed to conducting its business safely and in an ethically, socially and environmentally responsible manner. The company is a participant in the United Nations Global Compact and is also included in the Dow Jones Sustainability North America Index. Talisman was the first Canadian company to join the Voluntary Principles on Security and Human Rights Plenary Group developed by the United States (US) and United Kingdom (UK) governments. The objective of our 2013 capital and operating plan is to increase total shareholder returns by unlocking net asset value and growing cash flow per share. Operationally, the plan focuses on Talisman's two core areas (the Americas and Asia-Pacific), increasing the contribution from liquids volumes, maintaining a strong balance sheet, and driving operational excellence. Talisman's two core areas, Asia-Pacific and the Americas (North America and Colombia), account for approximately 90% of our production and 85% of our 2P reserves*. We will continue to strengthen and high-grade our assets within this core. For other areas, we are examining all options, including harvesting cash flow, ongoing development, joint venture opportunities, or sale.

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