REG-Bankers Petroleum Limited: Director/PDMR Shareholding <Origin Href="QuoteRef">BNK.TO</Origin>

Big Banc SplitAnnouncement

19/08/2016 11:30

August 17, 2016

AIM: BNK

Bankers Petroleum Ltd. (“Bankers Petroleum” or the “Company”)

Employee Stock Savings Plan – August 15, 2016 Update

Further to the Company's announcement of January 16, 2013 regarding the
implementation of an Employee Stock Savings Plan ("ESSP"), Bankers Petroleum
announces that during the period from August 1, 2016 to the period ending
August 15, 2016, the following purchases were made by senior employees:

                                      Name                                       Date of Purchase  Number of Common Shares Purchased   Employer’s Contribution ((1))   Purchase Price    Employer’s Contribution Vested ((2))   Resulting Number of Common Shares held as at 15   Resulting Holding as at 15 August 2016 as % total voting rights  
                                                                                                                                                                           (Cdn. $)                                                                August 2016                                                                                     
 David French, President and Chief Executive Officer                                 August 15                   1,192                              596                      1.89                        1,025                                       274,914                                                    0.1%                               
 Douglas C. Urch, Executive Vice President, Finance and Chief Financial Officer      August 15                    787                               394                      1.89                         677                                       1,104,556                                                   0.4%                               
 Suneel Gupta, Executive Vice President and Chief Operating Officer                  August 15                    786                               393                      1.89                         677                                        608,750                                                    0.2%                               
1. These shares are the matching shares purchased by the Company, which shall
vest to the shareholder twelve months from the date of purchase, provided the
shareholder is still an employee of the Company. As of January 1, 2016 the
Company’s matching shares were reduced from 100% to 50% of the employees
purchase amount.
1. These shares are the matching shares purchased by the Company twelve months
ago and are now vested to the shareholder.
As previously announced, under the ESSP, employees may use up to 10% of their
salary (matched equally by the Company) to purchase Bankers Petroleum shares
on the Toronto Stock Exchange, on each pay period (midmonth and month-end).
David French, Douglas Urch and Suneel Gupta elected to participate in the
plan, with a participation level of 10% of each of their respective salaries.

All further announcements regarding the senior employees’ participation in
the ?ESSP will be announced within 3 business days of their occurrence and
accordingly the next announcement is expected on September 5 or sooner, if
required.

For further information, contact:

Doug Urch

Executive VP, Finance and Chief Financial Officer

Ph: (403) 513-2691

Email: investorrelations@bankerspetroleum.com

Website: http://www.bankerspetroleum.com/

AIM NOMAD:

Canaccord Genuity Limited

Henry Fitzgerald-O’Connor

+44 0 207 523 8000

AIM BROKER:

FirstEnergy Capital LLP

Hugh Sanderson / David van Erp

+44 0 207 448 0200



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