Petrofac Regulatory News (PFC)

7 March 2019

Petrofac Limited (the 'Company')

Notification of Transactions by

Persons Discharging Managerial Responsibilities

Pursuant to the Company's obligations under Market Abuse Regulation 19, the Company hereby makes the following notifications in respect of its Executive Directors and awards of ordinary shares of US$0.02 each in the Company (the 'Shares') under the Petrofac Performance Share Plan ('PSP') which took place on 6 March 2019. The Company takes the view that it is only its Directors who may be regarded as Persons Discharging Managerial Responsibilities ('PDMRs').

PSP

PSP awards are made by the Company to senior executives and generally vest on the third anniversary of the date of grant, provided a participant does not leave the Company's employment and to the extent that performance conditions have been satisfied. Awards form part of the Company's annual bonus cycle and are made at nil cost to participants.

Details of the awards under the PSP which took place on 6 March 2019 for each Executive Director, including the position before and after awards were made, are outlined below:

1 This figure does not include the 2016 PSP award which lapsed in full as a result of the performance over the period 2016-2018.

The Company's issued share capital consists of 345,912,747 Shares with voting rights. Each Share carries the right to one vote. The Company does not hold any Shares in Treasury.

For further information contact:

Alison Flynn, Group Head of Communications

alison.flynn@petrofac.com 

+44 (0) 207 811 4913

Jon Low, Head of Investor Relations

jon.low@petrofac.com 

+44 (0) 207 811 4930

Tulchan Communications Group Ltd

Martin Robinson

Tel: +44 (0) 20 7353 4200

petrofac@tulchangroup.com

LEI 2138004624W8CKCSJ177