REG-Bankers Petroleum Limited: Employee Stock Savings Plan - August 31, 2016 Update <Origin Href="QuoteRef">BNK.TO</Origin>

Big Banc SplitAnnouncement

02/09/2016 07:00

September 1, 2016

AIM: BNK

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

Employee Stock Savings Plan – August 31, 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 16, 2016 to the period ending
August 31, 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 31   Resulting Holding as at 31 August 2016 as % total voting rights  
                                                                                                                                                                           (Cdn. $)                                                                August 2016                                                                                     
 David French, President and Chief Executive Officer                                 August 31                   1,165                              583                      1.93                        1,023                                       277,102                                                    0.1%                               
 Douglas C. Urch, Executive Vice President, Finance and Chief Financial Officer      August 31                    769                               385                      1.93                         675                                       1,106,000                                                   0.4%                               
 Suneel Gupta, Executive Vice President and Chief Operating Officer                  August 31                    770                               385                      1.93                         675                                        610,195                                                    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.
2. 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 20 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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