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Press release from Marketwire

Talisman Energy Completes CAD$200 Million Sale of Preferred Shares

Tuesday, December 13, 2011

Talisman Energy Completes CAD$200 Million Sale of Preferred Shares08:52 EST Tuesday, December 13, 2011CALGARY, ALBERTA--(Marketwire - Dec. 13, 2011) - Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) announced today it has completed the sale to a syndicate of underwriters led by RBC Capital Markets and CIBC of 8,000,000 Cumulative Redeemable Rate Reset First Preferred Shares, Series 1 at a price of CAD$25.00 per share, pursuant to its previously announced public offering of the preferred shares in Canada. Talisman Energy Inc. is a global, diversified, upstream oil and gas company, headquartered in Canada. Talisman's three main operating areas are North America, the North Sea and Southeast Asia. The company also has a portfolio of international exploration opportunities. Talisman is committed to conducting business safely, in a socially and environmentally responsible manner, and is included in the Dow Jones Sustainability (North America) Index. Talisman is listed on the Toronto and New York stock exchanges under the symbol TLM. Please visit our website at www.talisman-energy.com.FOR FURTHER INFORMATION PLEASE CONTACT: David Mann, Vice-President,Talisman Energy Inc.Corporate & Investor Communications403-237-1196403-237-1210 (FAX)tlm@talisman-energy.comwww.talisman-energy.comORAnil Aggarwala, ManagerTalisman Energy Inc.Investor Relations403-237-1145403-237-1210 (FAX)tlm@talisman-energy.comwww.talisman-energy.com