Vermilion Energy Inc. has adopted an additional amendment to the Vermilion Incentive Plan (the "VIP"). The amendment is in addition to other amendments to the VIP and other items of business to be considered by shareholders of the Company at the annual general and special meeting of shareholders of the Company to be held on Wednesday, May 1, 2013 at 1:30 p.m. (Calgary time).

In consultation with Institutional Shareholder Services Inc. (ISS), an independent proxy voting advisory and corporate governance services firm, Vermilion's Board of Directors has decided to amend the number of common shares reserved under the VIP. The amendment changes the number of common shares reserved for issuance from treasury under the VIP, from 10% of the aggregate number of issued and outstanding common shares, to 5% of the aggregate number of issued and outstanding common shares less any other common shares granted under any other security based compensation plans of Vermilion, calculated on an undiluted basis. Vermilion believes this significant amendment coupled with its conservative and prudent historical VIP use and strong relative market performance, should sufficiently address noted ISS concerns regarding the maximum level of potential shareholder value transfer that could result under the VIP.

Tags: Vermilion Energy Trust