Heritage-Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

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Mon Jun 27, 2011 2:39pm EDT 

  LONDON, UNITED KINGDOM, Jun 27 (MARKET WIRE) -- 
Heritage Oil Plc (TSX: HOC)(LSE: HOIL)

    This form is intended for use by an issuer to make a RIS notification
required by DR 3.1.4R(1).


   (1) An issuer making a notification in respect of a transaction relating 
   to the shares or debentures of the issuer should complete boxes 1 to 16, 
   23 and 24.

   (2) An issuer making a notification in respect of a derivative relating
   the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 
   23 and 24.

   (3) An issuer making a notification in respect of options granted to a
   director/person discharging managerial responsibilities should complete
   boxes 1 to 3 and 17 to 24.

   (4) An issuer making a notification in respect of a financial instrument 
   relating to the shares of the issuer (other than a debenture) should
   complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.


    Please complete all relevant boxes should in block capital letters.

    1. Name of the issuer 

    HERITAGE OIL PLC

    2. State whether the notification relates to:


   (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or

   (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324
   (as extended by section 328) of the Companies Act 1985; or

   (iii) both (i) and (ii)


    RELATES TO (i)

    3. Name of person discharging managerial responsibilities/director

    JOHN MCLEOD

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

    N/A

    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 non-beneficial

    IN RESPECT OF PERSON REFERRED TO IN 3 ABOVE

    6. Description of shares (including class), instruments relating to shares

    ORDINARY SHARES OF NO PAR VALUE

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

    JOHN MCLEOD

    8. State the nature of the transaction

    EXERCISE OF OPTIONS FOR 125,000 SHARES IN THE ISSUER AT A PRICE OF 143
PENCE PER SHARE AND THE SUBSEQUENT DISPOSAL OF SUCH SHARES FOR AN AVERAGE
PRICE OF 206.3751 PER SHARE.

    9. Number of shares, debentures or financial instruments relating to
shares acquired

    125,000

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

    0.05%

    11. Number of shares, debentures or financial instruments relating to
shares disposed

    125,000

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

    0.05%

    13. Price per share or value of transaction

    EXERCISE AT AN AVERAGE PRICE OF 143 PENCE PER SHARE. DISPOSAL AT AN
AVERAGE PRICE OF 206.3751 PENCE PER SHARE

    14. Date and place of transaction

    24 JUNE 2011, LONDON STOCK EXCHANGE

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

    20,000 (0.01%)

    16. Date issuer informed of transaction

    24 JUNE 2011

    If a person discharging managerial responsibilities has been granted
options by the issuer complete the following boxes

    17. Date of grant 

    N/A

    18. Period during which or date on which it can be exercised

    N/A

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

    N/A

    20. Description of shares or debentures involved (class and number)

    N/A

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

    N/A

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

    JOHN MCLEOD STILL HAS 275,000 OPTIONS TO ACQUIRE THE ISSUER'S SHARES
WHICH WERE PREVIOUSLY GRANTED UNDER THE ISSUER'S 2008 REPLACEMENT SHARE
OPTION SCHEME.

    23. Any additional information

    N/A

    24. Name of contact and telephone number for queries


Heritage Oil Plc
Paul Atherton                            +44 1534 835 400
Date of notification 27 JUNE 2011


    

Contacts:
Heritage Oil Plc
Paul Atherton
+44 1534 835 400

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