1. Talisman in Sabah 3 rd SOGCE, 26 th & 27 th May 2014

2. 2 NYSE : TLM | TSX : TLM www.talisman-energy.com TALISMAN GLOBAL OPERATIONS WITH 2 CORE AREAS 2014 production guidance: 350 - 365 mboe/d –Talisman 2 core regions (Americas and Asia Pacific) expected to contribute 90% of production 2014 capital expenditure is expected to be approximately $3.2 billion –Over 70% of expected 2014 capital spending will be invested in the Americas and Asia-Pacific AMERICA ASIA PACIFIC Safer, Better, Faster & at a Lower Cost

3. 3 NYSE : TLM | TSX : TLM www.talisman-energy.com ASIA-PACIFIC – CORE AREAS WITH EXCITING GROWTH OPTIONS Core areas Additional Assets Exploration South Sumatra Malay Basin Sabah Basin Papua New Guinea Tangguh 0 500 1,000 1,500 Km Kitan/LamCor Vietnam Nam Con Son Vietnam Nam Con Son Vietnam HST/HSD Vietnam HST/HSD

4. 4 NYSE : TLM | TSX : TLM www.talisman-energy.com TALISMAN MALAYSIA OPERATION Sabah An exciting new growth area Kinabalu PSC signed May 2012 Exploration SB309 & SB310 3D seismic and multi-well programme

5. 5 NYSE : TLM | TSX : TLM www.talisman-energy.com Sabah: Oil infrastructure and emerging Gas market Bintulu (Sarawak) Malaysia LNG Sdn.Bhd. (MLNG) Malaysia Indonesia Brunei Indonesia Tuaran Sabah Gas Terminal (SBGAST) Labuan Island Labuan Crude Oil Terminal (LCOT) Kimanis Sabah Oil and Gas Terminal (SOGT) Kimanis Sabah Oil and Gas Terminal (SOGT) Sabah Sarawak Gas Pipeline (SSGP) Sabah Sarawak Gas Pipeline (SSGP) Existing Facility New Project (Onshore) SB 309 & SB310 Summary: Established Hydrocarbon province Exploration for Light Oil & Wet Gas Shallow water Infrastructure acquisition options Emerging Gas market (>4 USD / mcf) Summary: Established Hydrocarbon province Exploration for Light Oil & Wet Gas Shallow water Infrastructure acquisition options Emerging Gas market (>4 USD / mcf) KEY KINABALU

6. 6 NYSE : TLM | TSX : TLM www.talisman-energy.com Sabah: 2H2013 / 1H2014 – A transformative time Summary: Active Exploration/ Development/ Production Greater Sabah Area KEY Sabah-Sarawak Gas pipeline operational 30% of Murphy Malaysia for sale Shell’s Gumusut EPS working. FPSO not fully operational Shell & Total continue seismic & drilling in similar plays in Brunei Shell/Conoco identify 136m oil column in Limbayong during appraisal Petronas appraise Nosong Petronas Carigali oil discovery at Wakid Petronas Vestigo awarded small fields Champion complex Kebabangan (KPOC ) online in 2014 ~500 mmscf/day Siakap Development PCSB Rotan FLNG FID KNAG operational at 150 mmscf/day

7. 7 NYSE : TLM | TSX : TLM www.talisman-energy.com  Block: SB1 Kinabalu  Cum. Oil Production @1/1/14 = 97 MMstb  20 Development Wells (20 active strings)  New 2012 Kinabalu Oil PSC −First PSC handover to operator other than PETRONAS Carigali −First progressive volume PSC to encourage brownfield redevelopment −First infill well : 9 months following transfer of operatorship −Redevelopment project, Select to Define : 10 months following transfer of operatorship Kinabalu – Location MapKinabalu – Block Details Labuan LCOT (SHELL) Samarang Complex (PCSB*) Kinabalu KNDP-A KNAG (PCSB) 2012 Kinabalu Oil PSC Overview

8. 8 NYSE : TLM | TSX : TLM www.talisman-energy.com SB-310 -100% WI, 70% EI Partners: TML (70%), PCSB (30%) PSC Signed; Effective Date - 26th October 2009 Expiry: 25th Oct 2015 Exploration period: 6 years Current Activities: Exploration SB-310 -100% WI, 70% EI Partners: TML (70%), PCSB (30%) PSC Signed; Effective Date - 26th October 2009 Expiry: 25th Oct 2015 Exploration period: 6 years Current Activities: Exploration SB-309 -100% WI, 70% EI Partners: TML (70%), PCSB (30%) PSC Signed; Effective Date - 26th October 2009 Expiry: 25th Oct 2015 Exploration period: 6 years Current Activities: Exploration SB-309 -100% WI, 70% EI Partners: TML (70%), PCSB (30%) PSC Signed; Effective Date - 26th October 2009 Expiry: 25th Oct 2015 Exploration period: 6 years Current Activities: Exploration Sabah SB310 & SB309: PSC Overview Kinabalu Field 5 Wells 3 Wells

9. 9 NYSE : TLM | TSX : TLM www.talisman-energy.com Kinabalu Redevelopment Objectives  To add 25.9 MMstb @ 1/1/32 to the oil proved developed reserves and achieve a RF of ~ 40 %  To achieve first oil by Q3 2016 and increase oil production to ~ 20,000 bopd rate.  To potentially process hydrocarbons from TML nearby Exploration Kinabalu Area Exploration Prospects

10. 10 NYSE : TLM | TSX : TLM www.talisman-energy.com Laying the Sabah Foundation  UMS Scholarships  6 scholarships to be given in 2014  INSTEP Kimanis Scholarships  In the planning stage  35 Sabahans already in TML  14 in the Kinabalu team

11. 11 NYSE : TLM | TSX : TLM www.talisman-energy.com Building a Technical & Operational Presence  KL Based  Reservoir Engineer  G&G Graduate  Mechanical Engineer  KK Based  Piping Engineer  Labuan Based  Senior Offshore roles

12. 12 NYSE : TLM | TSX : TLM www.talisman-energy.com Energizing Our Future Experience / Engagement Experience / Engagement Compelling CV & Cover Letter Soft Skills - The X Factor Basic Knowledge – Industry/Job Strong academic & co-curricular credentials

13. 13 NYSE : TLM | TSX : TLM www.talisman-energy.com Learn More About Us: http://www.talisman-energy.com