Mr. Don Klapko reports

EQUAL ENERGY ANNOUNCES SHAREHOLDER VOTE RESULTS, NAMES NEW CHAIRMAN

Equal Energy Ltd. has appointed Michael Doyle as chairman. Equal thanks Dan Botterill, the previous chairman, who did not stand for re-election, and two other outgoing directors also not standing for re-election, Roger Giovanetto and Peter Carpenter, for their dedicated service.

At the annual and special meeting of shareholders held on May 13, 2013, all seven director nominees were elected by a majority of the votes cast, including four incumbents and three new directors. Shareholders voted against three proposals put forward by the company, including a bylaw amendment requiring advance notice of nominations to the board. That bylaw, which took effect on Jan. 24, 2013, after approval by the board, has been repealed as a result of the vote, and the minimum quorum for future shareholder meetings will revert back to two shareholders holding not less than 5 per cent of the votes.

"The overall voting results reinforce comments we have heard that shareholders are frustrated," said Mr. Doyle, chairman. "The message has been received and we will endeavour to respond by enhancing communications between shareholders and the board of directors, and by reaching out more actively to the financial community."

New shareholder communications policy

As part of the board's intention to provide open communication with its shareholders, Equal is developing a formal shareholder communications policy. Among other things, Equal intends to establish a new website contact form for shareholder communications with the board on governance issues and other matters within the board's purview.

Equal is also considering communications initiatives such as a webcast quarterly conference call with investors to respond to questions, and an open house for investors and analysts at the company's Hunton property to raise Equal's profile.

Board committees

Following is the composition of Equal's four regular board committees. All members on all committees are independent as defined under both U.S. and Canadian securities legislation.

The audit committee consists of Victor Dusik (chair), Lee Canaan and Michael Coffman. The compensation committee consists of Mr. Dusik (chair), Mr. Coffman and Mr. Doyle. The governance and nominating committee consists of Mr. Doyle (chair), Kyle Travis and Robert Wilkinson. The reserves and health, safety and environment committee consists of Mr. Travis (chair), Mr. Canaan and Mr. Wilkinson.

Vote results for directors

The detailed results of the vote for the election of directors are set out in the attached table.

Director           Votes for   % for  Votes withheld  % withheld

Michael Coffman   10,433,204  69.21%       4,641,688      30.79%    
Kyle Travis       10,416,945  69.10%       4,657,947      30.90%    
Lee Canaan        10,431,314  69.08%       4,661,578      30.92%    
Victor Dusik       7,394,985  54.54%       6,164,432      45.46%    
Robert Wilkinson   7,389,084  54.49%       6,170,333      45.51%    
Michael Doyle      7,325,897  54.03%       6,233,520      45.97%    
Don Klapko         6,884,143  50.77%       6,675,274      49.23%    

Vote results on other matters

Other matters before the meeting are described more fully in the management information circular dated April 9, 2013. Shareholders voted for the appointment of KPMG LLP as auditor and voted against a proposed amendment to the articles of Equal to permit a stock dividend if the company so chooses, and against a proposal to approve the issuance of unallocated entitlements under each of Equal's stock option plan and restricted share and performance plan.

A majority of shareholders voted against a non-binding advisory on executive compensation and for annual voting regarding the frequency of advisory votes on executive compensation.

Additional details of voting results for the meeting are available on the U.S. filing system EDGAR and on the Canadian filing system SEDAR.

We seek Safe Harbor.