HDY.L Regulatory News (HDY)

1.

Name of the issuer

2.

State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R,

(ii) a disclosure made in accordance

LR 9.8.6R(1) or

(iii) a disclosure made in accordance with section 793 of the Companies Act (2006).

HARDY OIL AND GAS PLC

i

3.

Name of person discharging managerial

responsibilities/director

4.

State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

Richard Galvin

5.

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial

interest 1

6.

Description of shares (including class), debentures or derivatives or financial instruments relating to shares

-

-

7.

Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

8.

State the nature of the transaction

-

-

9.

Number of shares, debentures or financial

instruments relating to shares acquired

10.

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

-

-

11.

Number of shares, debentures or financial

instruments relating to shares disposed

12.

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

-

-

13.

Price per share or value of transaction

14.

Date and place of transaction

-

-

15.

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

16.

Date issuer informed of transaction

-

-

17.

Date of grant

18.

Period during which or date on which exercisable

28 March 2014

28 March 2017 to 28 March 2024

19.

Total amount paid (if any) for grant of the option

20.

Description of shares or debentures involved (class and number)

-

100,000 share options issued in accordance with the Company's Unapproved Share Option Scheme

21.

Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

22.

Total number of shares or debentures over which options held following notification

65.55 pence

385,000

23.

Any additional information

24.

Name of contact and telephone number for queries

-

Richard Galvin - 0122461900

Name of authorised official of issuer responsible for making notification

Ian MacKenzie, CEO

Date of notification: 31 March 2014