RNS Number:8432T
Premier Oil PLC
05 January 2004


SCHEDULE 11
5th January, 2004


NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1.  Name of company : PREMIER OIL PLC


2.  Name of director : MR J A VAN DER WELLE


3.  Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18 or in respect of a
non-beneficial interest : 2. ABOVE


4.  Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified) : PREMIER OIL UK EMPLOYEE
BENEFIT TRUST


5.  Please state whether notification relates to a person(s) connected
with the director named in 2 above and identify the connected person(s) : N/A


6.  Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co or PEP and if discresionary/non
discretionary : COMPANY PURCHASE OF SECURITIES UNDER A 'SIP'


7.  No. of shares/amount of stock aquired : 54


8.  Percentage of issued class : 0.000006%


9.  No. of shares/amount of stock disposed : N/A


10. Percentage of issued class : N/A


11. Class of Security : ORDINARY


12. Price per share : #4.57


13. Date of transaction : 02.01.04


14. Date company informed : 02.01.04


15. Total holding following this notification : 122,868


16. Total percentage holding of issued class following this notification :
0.1504%


If a director has been granted options by the company please complete the
following:-


17. Date of grant : N/A


18. Period during which or date on which exercisable : N/A


19. Total amount paid (if any) for grant of the option : N/A


20. Description of shares or debentures involved: class, number : N/A


21. Exercise price (if fixed at time of grant) or indication that the
price is to be fixed at the time of exercise : N/A


22. Total no. of shares or debentures over which options held following
this notification : N/A


23. Any additional information : SEE BELOW


24. Name of contact and telephone no. for queries : Lisa Parsons - 020
7730 1111

23 - Additional Information


Please note the 54 shares acquired are split as follows:-

27 Partnership Shares

27 Matching Shares


and will be held in trust for a period of three years after which Mr van der
Welle may either retain the shares in the trust until he chooses to withdraw
them, or withdraw the shares from the trust and either hold the shares in his
name or sell them.


Should an employee leave the SIP scheme before the end of the three year period
he will lose the right to the Matching Shares, unless he leaves due to:-


Injury
Redundancy
TUPE transfer
Retirement
Death
Sale of the Company


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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