CAPRICORN ENERGY PLC

Director's Dealing • May 7, 2021

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title: FOR IMMEDIATE RELEASE 13 May 2008
author: David
date: 2021-05-07 11:52:00+00:00

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FOR IMMEDIATE RELEASE 7 May 2021

CAIRN ENERGY PLC (“Cairn” or “the Company”)

Interests of Directors / Persons Discharging Managerial Responsibility (“PDMRs”)

in the Company’s Shares

1. Purchase of Partnership Shares / Award of Matching Shares under the Company's 2010 Share Incentive Plan (the “SIP”)

Cairn announces that, on 6 May 2021, the trustee (the "Trustee") of the Company's HMRC approved all-employee SIP purchased ordinary shares of 21/13 pence each in the Company ("Ordinary Shares") in the market at a price of £1.734 per Ordinary Share on behalf of participants in the "Partnership Share" element of the SIP using deductions made from their gross salary.

Cairn also announces that, on 6 May 2021, awards of further Ordinary Shares were made to the participants under the "Matching Share" element of the SIP on the basis of two free Matching Shares for every one Partnership Share purchased. The Ordinary Shares used to satisfy these awards were existing shares previously purchased in the market.

Details of the Executive Directors and PDMRs who participated in the purchase / award are as follows:-

In accordance with the rules of the SIP, Partnership and Matching Shares are initially held by the Trustee on the participants' behalf and, in the case of Matching Shares, must normally remain so held throughout a period of five years from the date of award.

1. Summary of current holdings of Executive Directors / PDMRs

Following this announcement, the Executive Directors’ and PDMRs’ beneficial interests in the Shares of the Company are as follows:

• This column includes all outstanding Awards that have vested following the expiry of the applicable performance period, regardless of whether or not they are currently capable of being exercised under the rules of the applicable LTIP.

The following notifications are intended to satisfy the Company’s obligations under Article 19(3) of EU Regulation No 596/2014 (the Market Abuse Regulation).

|
Director / PDMR
| Number of Partnership Shares Purchased | Number of Matching Shares Awarded | Total Number of Shares Acquired
|
| --- | --- | --- | --- |
|
Simon Thomson, Chief Executive
|
1,038 |
2,076 |
3,114 |
|
James Smith, Chief Financial Officer
|
1,038 |
2,076 | 3,114 |
|
Eric Hathon, Director of Exploration
|
1,038 |
2,076 | 3,114 |
|
Paul Mayland, Chief Operating Officer
|
1,038 |
2,076 | 3,114 |

| Executive Director / PDMR | Previous
Shares | Current Shares | % Issued Share Capital | Outstanding entitlements under 2009 and 2017 LTIPs
| Outstanding entitlements under 2009 and 2017 LTIPs
|
| --- | --- | --- | --- | --- | --- |
| Executive Director / PDMR | Previous
Shares | Current Shares | % Issued Share Capital | Unvested Awards still subject to performance conditions | Vested but unexercised Awards* |
| Simon Thomson | 1,147,205 | 1,150,319 | 0.230 | 2,569,262 | 629,600 |
| James Smith | 468,044 | 471,158 | 0.094 | 1,671,063 | 409,496 |
| Eric Hathon | 44,382 | 47,496 | 0.010 | 1,376,551 | 337,324 |
| Paul Mayland | 548,350 | 551,464 | 0.110 | 1,427,817 | 352,055 |

1	Details of the person discharging managerial responsibilities/person closely associated	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Simon Thomson
2	Reason for the notification	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Cairn Energy PLC
b)	LEI	213800ZJEUQ8ZOC9AL24
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	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	Ordinary shares of 21/13 pence each
a)	Identification code	GB00BN0SMB92
b)	Nature of the transaction	Partnership shares purchased under the Company’s all-employee Share Incentive Plan (2010).
c)	Price(s) and volume(s)
d)	Aggregated information
Aggregated volume
Price

Not applicable |
| e) | Date of the transaction | 2021-05-06 |
| f) | Place of the transaction | London Stock Exchange |
| 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 | 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 | Ordinary shares of 21/13 pence each |
| a) | Identification code | GB00BN0SMB92 |
| b) | Nature of the transaction | Matching shares awarded under the Company’s all-employee Share Incentive Plan (2010) on the basis of two free matching shares for every one partnership share purchased. |
| c) | Price(s) and volume(s) | |
| d) | Aggregated information
Aggregated volume
Price |

Not applicable |
| e) | Date of the transaction | 2021-05-06 |
| f) | Place of the transaction | London Stock Exchange |

1	Details of the person discharging managerial responsibilities/person closely associated	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	James Smith
2	Reason for the notification	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Cairn Energy PLC
b)	LEI	213800ZJEUQ8ZOC9AL24
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	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	Ordinary shares of 21/13 pence each
a)	Identification code	GB00BN0SMB92
b)	Nature of the transaction	Partnership shares purchased under the Company’s all-employee Share Incentive Plan (2010).
c)	Price(s) and volume(s)
d)	Aggregated information
Aggregated volume
Price

Not applicable |
| e) | Date of the transaction | 2021-05-06 |
| f) | Place of the transaction | London Stock Exchange |
| 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 | 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 | Ordinary shares of 21/13 pence each |
| a) | Identification code | GB00BN0SMB92 |
| b) | Nature of the transaction | Matching shares awarded under the Company’s all-employee Share Incentive Plan (2010) on the basis of two free matching shares for every one partnership share purchased. |
| c) | Price(s) and volume(s) | |
| d) | Aggregated information
Aggregated volume
Price |

Not applicable |
| e) | Date of the transaction | 2021-05-06 |
| f) | Place of the transaction | London Stock Exchange |

1	Details of the person discharging managerial responsibilities/person closely associated	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Eric Hathon
2	Reason for the notification	Reason for the notification
a)	Position/status	Director of Exploration
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Cairn Energy PLC
b)	LEI	213800ZJEUQ8ZOC9AL24
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	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	Ordinary shares of 21/13 pence each
a)	Identification code	GB00BN0SMB92
b)	Nature of the transaction	Partnership shares purchased under the Company’s all-employee Share Incentive Plan (2010).
c)	Price(s) and volume(s)
d)	Aggregated information
Aggregated volume
Price

Not applicable |
| e) | Date of the transaction | 2021-05-06 |
| f) | Place of the transaction | London Stock Exchange |
| 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 | 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 | Ordinary shares of 21/13 pence each |
| a) | Identification code | GB00BN0SMB92 |
| b) | Nature of the transaction | Matching shares awarded under the Company’s all-employee Share Incentive Plan (2010) on the basis of two free matching shares for every one partnership share purchased. |
| c) | Price(s) and volume(s) | |
| d) | Aggregated information
Aggregated volume
Price |

Not applicable |
| e) | Date of the transaction | 2021-05-06 |
| f) | Place of the transaction | London Stock Exchange |

1	Details of the person discharging managerial responsibilities/person closely associated	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Paul Mayland
2	Reason for the notification	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Cairn Energy PLC
b)	LEI	213800ZJEUQ8ZOC9AL24
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	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	Ordinary shares of 21/13 pence each
a)	Identification code	GB00BN0SMB92
b)	Nature of the transaction	Partnership shares purchased under the Company’s all-employee Share Incentive Plan (2010).
c)	Price(s) and volume(s)
d)	Aggregated information
Aggregated volume
Price

Not applicable |
| e) | Date of the transaction | 2021-05-06 |
| f) | Place of the transaction | London Stock Exchange |
| 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 | 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 | Ordinary shares of 21/13 pence each |
| a) | Identification code | GB00BN0SMB92 |
| b) | Nature of the transaction | Matching shares awarded under the Company’s all-employee Share Incentive Plan (2010) on the basis of two free matching shares for every one partnership share purchased. |
| c) | Price(s) and volume(s) | |
| d) | Aggregated information
Aggregated volume
Price |

Not applicable |
| e) | Date of the transaction | 2021-05-06 |
| f) | Place of the transaction | London Stock Exchange |