Grant of Options

Egdon Resources plc (AIM:EDR) announces that as part of a periodic incentive review it has granted options to the following Directors.DirectorNumber of Options grantedExercise Price (pence)Vesting DateExercisable UntilMark Abbott1,210,1917.85p1 January 20201 January 2030Martin Durham955,4147.85p1 January 20201 January 2030The options were set at an exercise price of 7.85p being the average closing mid-price for the five trading days ended 22 January 2019.Following the grant of the options on 24 January 2019, the interests of the Directors in the share capital of the Company are as follows:DirectorTotal number of Options held over Ordinary SharesNumber of Ordinary Shares heldMark Abbott3,153,2978,089,387Martin Durham2,387,9510 In addition, the Company has granted options to employees on the same basis as Directors. The total number of options granted to Directors and employees of the Company is 4,526,561 (Representing 1.74% of the Company’s issued share capital).The information set out below is in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.1.Details of the person discharging managerial responsibilities/person closely associateda)NameMark Abbott2.Reason for the notificationa)Position / statusManaging Directorb)Initial notification / amendmentInitial Notification3.Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameEgdon Resources plcb)LEI213800WWGH4S9GYSPL774.Details of the transaction(s) section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrumentOrdinary Shares of 1 pence per share valueIdentification codeGB00B28YML29b)Nature of the transactionGrant of Optionsc)Price(s) and volume(s)Price(s)Volume(s)7.85 pence1,210,191d)Aggregated information— Aggregated volume1,210,191 Ordinary Shares of 1 pence per share value— Price¹¹7.85 pence per sharee)Date of the transaction24 January 2019f)Place of the transactionOutside a trading venue1.Details of the person discharging managerial responsibilities/person closely associateda)NameMartin Durham2.Reason for the notificationa)Position / statusTechnical Directorb)Initial notification / amendmentInitial Notification3.Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameEgdon Resources plcb)LEI213800WWGH4S9GYSPL774.Details of the transaction(s) section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrumentOrdinary Shares of 1 pence per share valueIdentification codeGB00B28YML29b)Nature of the transactionGrant of Optionsc)Price(s) and volume(s)Price(s)Volume(s)7.85 pence955,414d)Aggregated information— Aggregated volume955,414Ordinary Shares of 1 pence per share value— Price¹¹7.85 pence per sharee)Date of the transaction24 January 2019f)Place of the transactionOutside a trading venue