Circle Oil plc announces that under the Long Term Incentive Plan (LTIP) approved by shareholders on 17 December 2013, the Company's Remuneration Committee which is comprised wholly of Non-Executive Directors, have granted award options over a total of 8,770,000 ordinary shares of nominal value €0.01 each (Awards), representing 1.56% of the Company's issued share capital.

In addition to the above a total of 5,320,000 Awards have been granted to all other employees, on the same terms with the same vesting conditions.

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