Director/PDMR Shareholding

20 August 2014 Sula Iron & Gold plc ("Sula" or the "Company") Directors' Shareholdings Sula Iron & Gold plc (AIM:SULA), the exploration and development companyfocused on iron ore and gold in Sierra Leone, announces that Nick Warrell, theChief Executive Officer of the Company, has today acquired 226,000 ordinaryshares in the Company at a price of 2.2p each. As a result, his total holding is 47,729,677 ordinary shares representingapproximately 16.96 per cent. of the Company's issued ordinary share capital. For further information please visit www.sulaironandgold.comor contact thefollowing: Nick Warrell / Matt Wood Sula Iron & Gold plc +44 (0) 20 7583 8304 James Caithie / Avi Robinson Cairn Financial Advisers +44 (0) 20 7148 7900 LLP Martin Lampshire Daniel Stewart & Company +44 (0) 20 7776 6550 Plc Dominic Barretto / Kelsey Yellow Jersey PR +44 (0)7768 537 739Traynor