GRAN TIERRA ENERGY INC.

Declaration of Voting Results & Voting Rights Announcements • Mar 1, 2021

National Storage Mechanism | Additional information

RNS Number : 5958Q

Gran Tierra Energy Inc.

01 March 2021

March 1, 2021

Gran Tierra Energy Inc.

(the "Company")

Notification of Transactions in the Company's Shares by Directors and Persons Discharging Managerial Responsibility

The Company announces the following transactions in Performance Stock Units undertaken by directors / persons discharging managerial responsibility.

Performance Stock Units (PSUs) granted to Executives on March 1, 2018 have vested and have been paid out to participants based on the closing price of the Company's shares on December 31, 2020.  The original grants of PSUs were adjusted by a performance factor of 0.60.

The Notification of Dealing Form for the vesting and payment of the PSUs for PDMRs can be found below.

This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

Contact Information:

Gary Guidry

President and Chief Executive Officer

Ryan Ellson

Executive Vice President and Chief Financial Officer

Rodger Trimble

Vice President, Investor Relations

(403) 265-3221

[email protected]

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gary Guidry, President and Chief Executive Officer

Ryan Ellson, Executive Vice President and Chief Financial Officer

Jim Evans, Vice President, Corporate Services

Rodger Trimble, Vice President, Investor Relations

Lawrence West, Vice President, Exploration

2

Reason for the notification

a)

Position/status

See 1 a) above

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Gran Tierra Energy Inc.

b)

LEI

549300IH2S17MAIUCM32

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Performance Stock Units

Each Performance Stock Unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock.

Identification code

n/a

b)

Nature of the transaction

Vesting and Cash Settlement of Performance Stock Units

c)

Price(s) and volume(s)

PDMR	Price(s)	Volume (s)
Gary Guidry Ryan Ellson Jim Evans Rodger Trimble Lawrence West	USD 0.36 USD 0.36 USD 0.36 USD 0.36 USD 0.36	211,987 153,539 90,852 90,852 90,852

d)

Aggregated information

- Aggregated volume

- Price

Price(s)	Volume (s)
USD 0.36	638,082

e)

Date of the transaction

28 February 2021

f)

Place of the transaction

Outside a trading venue

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