TIDMGTE

RNS Number : 5958Q

Gran Tierra Energy Inc.

01 March 2021

March 1, 2021

Gran Tierra Energy Inc.

(the "Company")

Notification of Transactions in the Company's Shares by Directors and Persons Discharging Managerial Responsibility

The Company announces the following transactions in Performance Stock Units undertaken by directors / persons discharging managerial responsibility.

Performance Stock Units (PSUs) granted to Executives on March 1, 2018 have vested and have been paid out to participants based on the closing price of the Company's shares on December 31, 2020. The original grants of PSUs were adjusted by a performance factor of 0.60.

The Notification of Dealing Form for the vesting and payment of the PSUs for PDMRs can be found below.

This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

Contact Information:

Gary Guidry

President and Chief Executive Officer

Ryan Ellson

Executive Vice President and Chief Financial Officer

Rodger Trimble

Vice President, Investor Relations

(403) 265-3221

info@grantierra.com

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                      Gary Guidry, President and Chief Executive Officer 
                                 Ryan Ellson, Executive Vice President and Chief Financial 
                                 Officer 
                                 Jim Evans, Vice President, Corporate Services 
                                 Rodger Trimble, Vice President, Investor Relations 
                                 Lawrence West, Vice President, Exploration 
     ------------------------  ------------------------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------------------- 
 a)   Position/status           See 1 a) above 
     ------------------------  ------------------------------------------------------------- 
 b)   Initial                   Initial notification 
       notification 
       /Amendment 
     ------------------------  ------------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------------------- 
 a)   Name                      Gran Tierra Energy Inc. 
     ------------------------  ------------------------------------------------------------- 
 b)   LEI                       549300IH2S17MAIUCM32 
     ------------------------  ------------------------------------------------------------- 
 4    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 
       conducted 
     --------------------------------------------------------------------------------------- 
 a)   Description                   Performance Stock Units 
       of the financial 
       instrument,                   Each Performance Stock Unit represents a contingent 
       type of instrument            right to receive one share of Gran Tierra Energy 
                                     Inc. common stock. 
      Identification                n/a 
       code 
     ----------------------------  --------------------------------------------------------- 
 b)   Nature of                     Vesting and Cash Settlement of Performance Stock 
       the transaction               Units 
     ----------------------------  --------------------------------------------------------- 
 c)   Price(s)                        PDMR               Price(s)     Volume (s) 
       and volume(s)                   Gary Guidry        USD 0.36        211,987 
                                        Ryan Ellson        USD 0.36       153,539 
                                        Jim Evans          USD 0.36        90,852 
                                        Rodger Trimble     USD 0.36        90,852 
                                        Lawrence West      USD 0.36        90,852 
                                                         -----------  ----------- 
     ----------------------------  --------------------------------------------------------- 
 d)              Aggregated           Price(s)    Volume (s) 
                  information          USD 0.36    638,082 
                  - Aggregated                    ----------- 
                  volume 
                  - Price 
 e)   Date of the                   28 February 2021 
       transaction 
 f)   Place of                      Outside a trading venue 
       the transaction 
     ----------------------------  ---------------------------------------------------------

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END

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