Petrofac Regulatory News (PFC)

28 March 2018

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:

Share Purchase

Alastair Cochran, Chief Financial Officer, today purchased 22,853 ordinary shares ("Shares") of US$0.02 each in the Company at 507.58 pence per Share. This purchase is in line with the Company's remuneration policy which was approved by Shareholders in May 2017. Following this transaction, Mr Cochran now has a disclosable interest in 30,988 Shares, representing 0.0089 per cent of the total voting rights of the Company.

Performance Share Plan (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 27 March 2018 for each Executive Director, including the position before and after awards were made, are outlined below:

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