Talisman Energy Declares Semi-Annual Common Share Dividend and Quarterly Preferred Share Dividend

TIDMAN26

FOR: TALISMAN ENERGY INC.

TSX, NYSE SYMBOL: TLM

May 1, 2012

Talisman Energy Declares Semi-Annual Common Share Dividend and Quarterly Preferred Share Dividend

CALGARY, ALBERTA--(Marketwire - May 1, 2012) -

Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) today declared a semi-annual dividend on the company's common shares of
US$0.135 per share. The dividend will be paid on June 29, 2012 to shareholders of record at the close of business on May
25, 2012.

The company has also declared a quarterly dividend of C$0.2625 on its Cumulative Redeemable Rate Reset First Preferred
Shares, Series 1. The dividend will be paid on July 3, 2012 to shareholders of record at the close of business on May
25, 2012.

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.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Talisman Energy Inc. - Media and General Inquiries:
David Mann
Vice-President Corporate & Investor Communications
403-237-1196
403-237-1210 (FAX)
tlm@talisman-energy.com

Talisman Energy Inc. - Shareholder and Investor Inquiries:
Lyle McLeod
Vice-President Investor Relations
403-237-1020
403-237-1902 (FAX)
tlm@talisman-energy.com
www.talisman-energy.com

INDUSTRY: Energy and Utilities-Oil and Gas
SUBJECT: DIV

Talisman Energy Inc.

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