Award of Options

LEKOIL LIMITED (LEK) LEKOIL LIMITED: Award of Options 11-Oct-2017 / 07:00 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. 11 October 2017   Lekoil Limited ("LEKOIL" or the "Company")   Award of Options   LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that the Company has made the following award of options over ordinary shares of par value US$0.00005 each in the capital of the Company ("Ordinary Shares") to the CFO, Lisa Mitchell, under the Company's long term incentive plan.   Director Position Options granted Existing options Total options Lisa Mitchell Chief Financial Officer 1,500,000 - 1,500,000   All options issued under this award are being issued with an exercise price of 17.16p, being the trailing three day average closing price prior to the date of grant. The options have a ten-year exercise term and vest in three years. Lisa Mitchell currently has no holdings of Ordinary Shares in the Company.   The 1,500,000 options granted to the previous CFO, Bruce Burrows, who leaves the Company at the end of October, will expire without vesting.   For further information, please visit www.lekoil.com or contact:   LEKOIL Limited Alfred Castaneda, Investor Relations Hamilton Esi, Corporate Communications [phone] / [phone]   Strand Hanson Limited (Financial & Nominated Adviser) James Harris / James Spinney / Ritchie Balmer [phone]   Mirabaud Securities Limited (Joint Broker) Peter Krens / Edward Haig-Thomas [phone] / [phone]   BMO Capital Markets (Joint Broker) Jeremy Low / Neil Haycock / Thomas Rider [phone]   Tavistock (Financial PR) Simon Hudson / Barney Hayward [phone]   -ends-

ISIN:	KYG5462G1073
Category Code:	MSCL
TIDM:	LEK
Sequence No.:	4726

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End of Announcement	EQS News Service

617655  11-Oct-2017