Grant of Awards

For immediate release 23 November 2010

Leed Petroleum PLC

("Leed" or the "Company")

Grant of Awards

The Board of Leed announces that on 1 July 2010, in accordance with the Company's 2007 Omnibus Incentive Scheme, certain executive officers and employees of the Company were awarded 23,242,272 stock appreciation rights ("SAR's").

The SAR's vest one-third per year beginning two years from the date of grant, have an exercise price of 5 pence and a term of ten years. The SAR's issued on 1 July 2010 replace 5,200,708 SAR's that were outstanding on 30 June 2010 and exercisable at 47 pence pertaining to the same certain executive officers and employees and which have now been cancelled. 

The replacement SAR's issued on 1 July 2010 included an award of 5,798,785 to Howard Wilson, Chief Executive Officer, representing an award over shares equal to 0.86 per cent. of the issued share capital of the Company and an award of 4,898,527 to Jim Slatten, Chief Operating Officer, representing an award over shares equal to 0.72 per cent. of the issued share capital of the Company.

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