Connected to Oracle Database 12c Standard Edition Release 12.1.0.2.0 

SQL> begin
  2    dbms_output.put_line('test0');
  3    execute immediate ' create or replace procedure test1_a
  4  is
  5  begin
  6    null
  7  end; ';
  8  dbms_output.put_line('test1');
  9  raise_application_error(-20000,'Error');
 10  dbms_output.put_line('test2');
 11  end;
 12  /
Warning: PL/SQL procedure successfully completed with compilation errors


Connected to Oracle Database 11g Release 11.2.0.1.0 
SQL> begin
  2    dbms_output.put_line('test0');
  3    execute immediate ' create or replace procedure test1_a
  4  is
  5  begin
  6    null
  7  end; ';
  8  dbms_output.put_line('test1');
  9  raise_application_error(-20000,'Error');
 10  dbms_output.put_line('test2');
 11  end;
 12  /
Warning: PL/SQL procedure successfully completed with compilation errors