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2014-04-23

EnQuest PLC: Director/PDMR Shareholding

EnQuest PLC (the "Company")
23 April 2014

Notification of Transactions by
Persons Discharging Management Responsibility (`PDMRs').

Pursuant to the Company's obligations under Disclosure and
Transparency Rule 3.1.4, the Company hereby notifies that the
Company's Remuneration Committee granted the following awards to
Directors and PDMRs of Ordinary Shares of £0.05 each in the Company
(the "Shares") under the EnQuest Performance Share Plan ("PSP"), the
EnQuest Restricted Share Plan ("RSP") and the EnQuest Deferred Bonus
Share Plan ("DBSP") on 22 April 2014.

Awards granted to Directors and PDMRs on 22 April 2014 under the PSP,
RSP and DBSP were as follows:-

+----------+-------+-------------+-------+-------------+-------+--------------+
|Director/P|PSP |Total number |RSP |Total number |DBSP |Total number |
| |Award |of shares |Award |of shares |Award |of shares held|
|DMR |22 |held |22 |held |22 |under the DBSP|
| |April |under the PSP|April |under the RSP|April |following the |
| |2014 |following the|2014 |following the|2014 |Award |
| | |Award | |Award | | |
+----------+-------+-------------+-------+-------------+-------+--------------+
|Amjad |604,990|2,069,870 |0 |2,200,387 |0 |0 |
|Bseisu | | | | | | |
+----------+-------+-------------+-------+-------------+-------+--------------+
| | | | | | | |
+----------+-------+-------------+-------+-------------+-------+--------------+
|Jonathan |368,147|1,247,785 |0 |699,741 |0 |0 |
|Swinney | | | | | | |
+----------+-------+-------------+-------+-------------+-------+--------------+
| | | | | | | |
+----------+-------+-------------+-------+-------------+-------+--------------+
|Faysal |180,000|400,000 |0 |66,873 |121,348|266,302 |
|Hamza | | | | | | |
+----------+-------+-------------+-------+-------------+-------+--------------+
| | | | | | | |
+----------+-------+-------------+-------+-------------+-------+--------------+
|Neil |140,000|140,000 |100,000|100,000 |0 |0 |
|McCulloch | | | | | | |
+----------+-------+-------------+-------+-------------+-------+--------------+
| | | | | | | |
+----------+-------+-------------+-------+-------------+-------+--------------+
|Richard |240,000|360,000 |0 |100,667 |0 |0 |
|Hall | | | | | | |
+----------+-------+-------------+-------+-------------+-------+--------------+
| | | | | | | |
+----------+-------+-------------+-------+-------------+-------+--------------+
|Stefan |180,000|345,000 |0 |75,667 |109,372|162,508 |
|Ricketts | | | | | | |
+----------+-------+-------------+-------+-------------+-------+--------------+
| | | | | | | |
+----------+-------+-------------+-------+-------------+-------+--------------+

On 22 April 2014, the PSP Awards granted to Directors and PDMRs were
made in the form of nil-cost options (as permitted under the rules of
the PSP) and will vest 100% on the third anniversary of the date of
grant (22 April 2017), subject to the achievement of performance
targets over three financial years (2014 to 2016) and continued
employment with the EnQuest Group, each being exercisable up to the
tenth anniversary of the date of grant.

On 22 April 2014, the RSP Awards granted to Directors and PDMRs were
made in the form of nil-cost options (as permitted under the rules of
the RSP) and will vest 25%, 25% and 50% on the second, third and
fourth anniversary of the date of grant (22 April 2016, 2017 and
2018), subject to continued employment with the EnQuest Group, being
exercisable up to the tenth anniversary of the date of grant.

In addition, Company employees (below Executive Director level) were
invited under the rules of the DBSP to invest part of their 2013
performance pay in the DBSP. On 22 April 2014, Matching Awards were
granted over an equal number of shares that were acquired by the DBSP
participants. Shares awarded under the DBSP vest on the first, second
and third anniversaries of the date of grant in tranches of 1/3rd
respectively, subject to their continuing employment with the EnQuest
Group. If participants and their connected persons hold Shares
outside the PSP, RSP and DBSP (or any other Company share incentive
scheme), separate announcements are made under the Disclosure and
Transparency Rules as required.

Contact for enquiries:
EnQuest PLC
Stefan Ricketts
General Counsel and Company Secretary
020 7925 4900

-----------------------------------------------------------
http://news.cision.com/enquest-plc/r/director-pdmr-shareholding,c9573195
http://mb.cision.com/Main/344/9573195/236182.pdf

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