21 Jan 2010 07:00
Regal Petroleum plc
("Regal" or the "Company")
21 January 2010
Exercise of Long Term Incentive Plan Awards
The Company announces that 2,721,212 Long Term Incentive Plan Awards ("Awards") over ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares") have been exercised by directors and employees of the Company pursuant to the Company's Long Term Incentive Plan ("LTIP"). The exercise price under the LTIP is 5 pence per Ordinary Share. Details of Award exercises by directors are as follows:-
| Director | Number of LTIP Awards Exercised |
| Keith Henry | 141,667 |
| David J Greer | 800,000 |
| Hendrikus Verkuil | 459,375 |
| Robert Wilde | 309,375 |
| Adrian Coates | 46,667 |
Application has been made to the London Stock Exchange for the admission to trading on AIM of 2,721,212 new Ordinary Shares. These Ordinary Shares, which will rank pari passu in all respects with the Company's existing Ordinary Shares, have been allotted pursuant to the exercise of the abovementioned Awards. Admission is expected to become effective on 26 January 2010.
For further information, please contact:
| Regal Petroleum Plc | Tel: 020 7408 9500 |
| David J Greer, CEO | |
| Strand Hanson Limited | Tel: 020 7409 3494 |
| Simon Raggett / Rory Murphy | |
| Mirabaud Securities | Tel: 020 7878 3362 |
| Peter Krens / Pav Sanghera | |
| Citigate Dewe Rogerson | Tel: 020 7638 9571 |
| Martin Jackson / George Cazenove |