Hardy Oil & Gas plc : Director's Disclosure

For immediate release

26 January 2012

Hardy Oil and Gas plc

("Hardy" or "the Company")

Director's Disclosure

Further to an announcement made on 13 January 2012 regarding the appointment of Mr Alasdair Locke as an Independent Non-Executive Chairman of Hardy, the Company provides details to be disclosed under UKLA Listing Rule 9.6.13.

In the past five years, Alasdair Locke(58) was a director of the companies listed below;

Company	From	To
Abbot Group Limited	October 1992	December 2009
Mecom Group plc	June 2006	January 2011
Mutual Energy Limited	December 2002	December 2008

Mr Locke is currently a director of the companies listed below;

Company	Position	From
Motor Fuels Group Limited plc	Non-Executive Chairman	January 2012
Argenta Holdings plc	Director	February 2001
Glenrinnes Farms Ltd	Director	October 1999
First Property Group plc	Non-Executive Chairman	December 1993

Upon appointment Mr Locke is entitled to receive 150,000 ordinary shares in the Company. Hardy is scheduled to report its 2011 preliminary results on 7 March 2012 and as a result the Company is currently in a closed period. It is intended that the Company will issue the shares following the publication of its 2011 preliminary results. Once issued, such ordinary shares will be held in escrow and will be released to Alasdair Locke after three years (subject to acceleration in certain circumstances), provided he remains a director of the Company for a period of three years.

Mr Locke has disclosed that he has interest in another 571,885 ordinary shares of the Company.

There is no other information to be provided in accordance with paragraph 9.6.13 of the Listing Rules.

For further information please contact:

Hardy Oil and Gas plc	020 7471 9850
Yogeshwar Sharma, Chief Executive Officer Richard Galvin, Treasurer & Corporate Affairs Executive
Arden Partners plc	020 7614 5917
Richard Day
Buchanan	020 7466 5000
Mark Edwards Ben Romney

NOTES TO THE EDITORS

Hardy Oil and Gas plc is an upstream oil and gas company focused in India. Its portfolio includes a blend of exploration, appraisal, and production assets. Hardy's goal is to evaluate and exploit its asset base with a view to creating significant value for its shareholders.

Hardy Oil and Gas plc has existing production from an offshore field in India's Cauvery basin. Hardy also has interests in four offshore exploration blocks in India's Saurashtra, Cauvery, and Krishna Godavari basins.

Hardy is incorporated under the laws of the Isle of Man and headquartered in London, UK. Ordinary shares of Hardy were admitted to the Official List and the London Stock Exchange's market for listed securities effective 20 February 2008 under the symbol HDY.

The Company's Indian assets are held through the wholly owned subsidiary Hardy Exploration & Production (India) Inc, located in Chennai, India.