29 March 2010
Bowleven plc ("Bowleven" or the "Company")
Director's Interest
The Remuneration Committee of Bowleven plc has resolved to approve the vesting of 23,980 ordinary shares of £0.10 in Bowleven to Ed Willett, Bowleven's Exploration Director, pursuant to the terms of the Bowleven Long Term Incentive Plan ("the Plan").
This award, which is effective from 29 March 2010, represents 20% of the total number of shares included in the award made to Mr Willett on 22 March 2007.
The balance of the 2007 Award in favour of Mr Willett, being 95,924 shares, lapse in accordance with the Plan rules on 29 March 2010.
Following the vesting of this award under the Plan Ed Willett's shareholding in the Company is 176,217 shares, representing approximately 0.09% of the current issued share capital of the Company.
ENQUIRIES
For further information please contact:
Bowleven plc
Kevin Hart, Chief Executive Officer Tel: +44 131 524 5656
Kerry Crawford, Deputy Finance Director/ Tel: +44 131 524 5673
Head of Investor Relations
Brunswick Group LLP
Patrick Handley Tel: +44 207 404 5959
Deborah Spencer
RBS Hoare Govett Limited
Stephen Bowler Tel: +44 207 678 8000