Award of Shares under the Share Incentive Plan

23 January 2015

Hurricane Energy plc

Award of Shares under the Share Incentive Plan

Hurricane Energy (AIM: HUR.L, "Hurricane" or the "Company"), announces that it received notification on 23 January 2015 that, following payroll contributions made on 23 January 2015, MM&K Plan Trustees Limited ("SIP Trust"), trustee of the Hurricane Energy plc Share Incentive Plan ("SIP"), awarded 844,745 ordinary shares of £0.001 each in the Company ("Ordinary Shares") to participants in the SIP at a price of 14 pence per share.

The SIP award has been satisfied by the issue of 844,745 new Ordinary Shares to the SIP at a subscription price of 14 pence per share, being the closing mid-market price on 22 January 2015.

Each participating employee will receive an allocation of Partnership Shares (being shares acquired at market value using contributions deducted from employees' pre-tax salaries; "Partnership Shares"), Matching Shares (being ordinary shares of twice the number of Partnership Shares acquired by an employee which are paid for by the Company; "Matching Shares") and Free Shares (being Ordinary Shares to a value not exceeding £3,600 in the current tax year, which are paid for by the Company; "Free Shares").

Under the SIP, the following directors of the Company purchased or were awarded the following number of Ordinary Shares:

The aggregate of their beneficial holdings are now as follows:

Application has been made for the 844,745 new Ordinary Shares to be admitted to trading on AIM. Admission is expected to take place on 29 January 2015. The shares will rank pari passu with the existing Ordinary Shares.

Following the SIP Awards, Hurricane's total issued and voting share capital will comprise 633,112,533 Ordinary Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company.

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