Issuance of Share Options

Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas Company with near-term hydrocarbon operations focused on Morocco and Trinidad, advises of the issuance of the following options over new Ordinary Shares:

Issuance of Options to Directors:

The Board's Remuneration Committee has resolved to make an award of 45,000,000 unallocated share options under the Company's existing option scheme:

• Dr. Stephen Boldy Non-executive director and Chairman : 7,500,000 options
• Mr Paul Griffiths Chief Executive and director: 18,500,000 options
• Mr Alistair Jury Non-executive director 7,500,000 options
• Mr Carl Kindinger Non-executive director 7,500,000 options
• Mr Geoffrey Leid Director 4,000,000 options

All the above share options are exercisable at 5.5p per share

The vesting conditions and phased vesting dates are as follows:

• 25% of the award on commencement of MOU-5 drilling
• 25% of the award after 9 months or on announcement of the completion of the acquisition of Challenger Energy Group Plc's Trinidad & Tobago companies, whichever occurs first
• 25% of award after 6 months or announcement of positive MOU-3 testing results, whichever occurs first
• 25% of award on announcement of achieving 500boe/pd net to Predator in Trinidad.

Follow the Company on X @PredatorOilGas.