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Xcite Energy Limited ("Xcite Energy" or the "Company"): Director Share Purchases

ABERDEENSHIRE, UNITED KINGDOM -- (Marketwired) -- 07/09/14 -- Xcite Energy (TSX VENTURE: XEL) (LSE: XEL) announces that on 8 July 2014 it was notified of the following purchases of ordinary shares in the Company by two Directors.

On 8 July 2014, Chief Financial Officer Andrew J. Fairclough purchased 38,000 ordinary shares in the Company at a price of 67.00 pence per share. Mr. Fairclough now has a shareholding of 53,000 ordinary shares in the Company.

On 8 July 2014, Non-Executive Director Henry G. Wilson purchased 40,000 ordinary shares in the Company at a price of 66.83 pence per share. Mr. Wilson now has a shareholding of 40,000 ordinary shares in the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

ENQUIRIES:

Xcite Energy Limited
Rupert Cole / Andrew Fairclough
+44 (0) 1483 549 063

Liberum (Joint Broker and Nominated Adviser)
Clayton Bush / Tim Graham
+44 (0) 203 100 2222

Morgan Stanley (Joint Broker)
Andrew Foster
+44 (0) 207 425 8000

Bell Pottinger
Mark Antelme / Henry Lerwill
+44 (0) 207 861 3232

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