12 March 2013 Adriatic Oil Plc ("Adriatic Oil" or the "Company") Director's Dealing The Company announces that it was notified on 11 March 2013 that Bruno Müller, the Company's Chief Executive Officer purchased 50,000 ordinary shares of 0.5 p each in the capital of the Company ("Ordinary Shares") on 8 March 2013 and a further 60,000 Ordinary Shares on 11 March 2013. The Company was today notified that Mr Müller has today purchased a further 50,000 Ordinary Shares. All of Mr Müller's aforementioned purchases of Ordinary Shares took place at a purchase price of 1.3 p per Ordinary Share. Mr Müller and his family members and connected parties (as defined in the ISDX Growth Market Rules for Issuers) now hold a combined interest in 58,621,260 Ordinary Shares (representing 58,621,260 voting rights), which represents 17.95% of the voting rights in the issued ordinary share capital of the Company. The aforementioned 58,621,260 Ordinary Shares include 5,658,604 Ordinary Shares held by Costabella SA, which is a connected person to Bruno Müller under the ISDX Growth Market Rules for Issuers. The aforementioned 58,621,260 Ordinary Shares also include 5,258,067 Ordinary Shares held by Kathrin HA Müller, 3,505,378 Ordinary Shares held by Jane FX Müller and 3,505,378 Ordinary Shares held by Steven FC Müller, who are all members of Bruno Müller's family (as defined in the ISDX Growth Market Rules for Issuers). THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT --ENDS-- Enquiries: ADRIATIC OIL PLC Bruno Müller +44 (0) 20 3178 4060 SVS SECURITIES PLC - ISDX Corporate Adviser Peter Ward / Alexander Brearley +44 (0)20 7638 5600 YELLOW JERSEY PR LIMITED - Financial PR Dominic Barretto / Anna Legge +44 (0) 20 3664 4087 NOTES TO EDITORS: Adriatic Oil Plc is a publicly quoted UK-incorporated international oil and gas exploration company with a portfolio of activities focused on the North Celtic Sea, the UK North Sea and the Adriatic Sea Basin. In the North Celtic Sea, the Company has agreed with Fastnet Oil & Gas plc to farm-out 64.5% of its original 80% interest in a Licensing Option which covers an area of 881 sq. km. Following execution of the Farm-in Agreements, the Company will hold 15.5% of the Licensing Option. The Company has a second small carried interest in offshore Western Ireland. Separately, in the Inner Moray Firth area of the UK's North Sea, Adriatic Oil has secured a 25% Farm-In, approved by the UK Department of Energy and Climate Change, to Seaward Production Licence P1921 in relation to Blocks 12/18 and 12/ 19c and the Company has an option for a further 25%. Adriatic Oil is also focused on making and progressing applications for offshore exploration opportunities in Albania, which holds the largest onshore oilfield ever found in Europe with 5.7 billion barrels of oil in place. Adriatic Oil's strategy is to add shareholder value by proving and developing leads and plays in areas which the Directors of the Company consider to be high potential oil and gas provinces. Adriatic Oil's ordinary shares are quoted on the ISDX Growth Market (operated by ICAP Securities & Derivatives Exchange Limited) under the ticker symbol 'ADOP'. The Company's website is available at www.adriaticoil.com END -0- Mar/12/2013 12:12 GMT
ADRIATIC OIL PLC: Director's Dealing
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