Director's Dealing

29 June 2017

Lekoil Limited

("LEKOIL" or the "Company")

Director's Dealing

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and Africa more generally, announces that it has received notification that Gregory Eckersley, a Non-Executive Director of the Company, yesterday purchased 50,000 ordinary shares of USD0.00005 each in the Company ("Ordinary Shares") at an average price of 16.35 pence per Ordinary Share.

Following the transaction, Mr Eckersley now has a total shareholding in Lekoil of 2,953,050 Ordinary Shares, representing 0.5 per cent. of the issued Ordinary Shares.

For further information, please visit www.lekoil.com or contact:

LEKOIL Limited

Alfred Castaneda, Investor Relations

Hamilton Esi, Corporate Communications

+44 20 3434 5800 / +44 20 7920 3150

Strand Hanson Limited (Financial & Nominated Adviser)

James Harris / James Spinney / Ritchie Balmer

+44 20 7409 3494

Mirabaud Securities LLP (Joint Broker)

Peter Krens / Edward Haig-Thomas

+44 20 7878 3362 / +44 20 7878 3447

BMO Capital Markets (Joint Broker)

Jeremy Low / Neil Haycock / Thomas Rider

+44 20 7236 1010

Tavistock (Financial PR)

Simon Hudson / Barney Hayward

+44 20 7920 3150

-ends-