06 June 2008

Lansdowne Oil & Gas plc (“Lansdowne” or “the Company”)

Grant of share options to Directors


Lansdowne, the Dublin-based independent exploration company, announces that it has granted a total of 900,000 share options to the executive directors as follows:

Stephen Boldy  – Chief Executive                                        400,000

Emmet Brown   – Business Development Director          400,000

Chris Moar        – Finance Director                                       100,000

The options have an exercise price of 31.50p per share and may be exercised in whole or part between 6 June 2011 and 5 June 2018 provided that certain performance targets are met.

Following this grant the total holdings of the directors concerned are as follows:

Lansdowne Oil & Gas plc
Steve Boldy, Chief Executive Officer 01224 748 480
Chris Moar, Finance Director
John East & Partners Limited
David Worlidge 020 7628 2200

*Included in the total options above for S Boldy are 200,000 options at a price of £0.85 exercisable between 26 June 2009 and 25 June 2016, which were granted on 26 June 2006.


Board of DirectorsTimothy Howard St. George Byng, Viscount Torrington
(Non-executive Chairman)

Dr Stephen Adrian Renwick Boldy
(Chief Executive Officer)

John Aldersey-Williams
(Non-executive Director)

Steven George Lampe
(Non-Executive Director)

Jeffrey David Auld
(Non-Executive Director)

all of:
6 Northbrook Road, Dublin 6, Ireland
Company Secretary Con Casey
Registered Office 30 Crown Place,
Earl Street,
Nominated Adviser and Broker Cantor Fitzgerald Europe

One Churchill Place
Canary Wharf
E14 5RB

Solicitors to the CompanyBurness Paull LLP

50 Lothian Road
Festival Square
Edinburgh EH3 9WJ

Pinsent Masons LLP

30 Crown Place,
Earl Street,

Mason Hayes & Curran

South Bank House
Barrow Street
Dublin 4

1 Stokes Place
St. Stephen’s Green
Dublin 2
RegistrarsComputershare Investor Services PLC

The Pavilions
Bridgewater Road
BS13 8AE

Lansdowne Oil and Gas plc
Britannia House
Endeavour Drive
Arnhall Business Park
AB32 6UF
Tel: +44 (0)1224 748480
Fax: +44 (0)1224 748481
Email: info@lansdowneoilandgas.com
Web: www.lansdowneoilandgas.com