TIDMAXC 
 
RNS Number : 6138X 
Addax Petroleum Corporation 
18 August 2009 
 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL 
RESPONSIBILITY OR CONNECTED PERSONS 
This form is intended for use by an issuer to make a RIS notification required 
by DR 3.1.4R(1). 
 
+------+----------------------------------------------------------------------+ 
| (1)  | An issuer making a notification in respect of a transaction relating | 
|      | to the shares or debentures of the issuer should complete boxes 1 to | 
|      | 16, 23 and 24.                                                       | 
+------+----------------------------------------------------------------------+ 
| (2)  | An issuer making a notification in respect of a derivative relating  | 
|      | to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13,  | 
|      | 14, 16, 23 and 24.                                                   | 
+------+----------------------------------------------------------------------+ 
| (3)  | An issuer making a notification in respect of options granted to a   | 
|      | director/person discharging managerial responsibilities should       | 
|      | complete boxes 1 to 3 and 17 to 24.                                  | 
+------+----------------------------------------------------------------------+ 
| (4)  | An issuer making a notification in respect of a financial instrument | 
|      | relating to the shares of the issuer (other than a debenture) should | 
|      | complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.           | 
+------+----------------------------------------------------------------------+ 
 
Please complete all relevant boxes in block capital letters. 
 
 
1. Name of the issuer 
ADDAX PETROLEUM CORPORATION 
.................................... 
2. State whether the notification relates to (i) a transaction notified in 
accordance with DR 3.1.4R(1)(a); or 
(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as 
extended by section 328) of the Companies Act 1985; or 
(iii) both (i) and (ii) 
THE NOTIFICATION RELATES TO (i) 
.................................... 
3. Name of person discharging managerial responsibilities/director 
+--------------------------+ 
| JEAN CLAUDE GANDUR       | 
+--------------------------+ 
| MICHAEL EBSARY           | 
+--------------------------+ 
| DAVID CODD               | 
+--------------------------+ 
| JIM PEARCE               | 
+--------------------------+ 
.................................... 
4. State whether notification relates to a person connected with a person 
discharging managerial responsibilities/director named in 3 and identify the 
connected person 
THE NOTIFICATION DOES NOT RELATE TO A CONNECTED PERSON 
.................................... 
5. Indicate whether the notification is in respect of a holding of the person 
referred to in 3 or 4 above or in respect of a non-beneficial interest 
THE NOTIFICATION IS IN RESPECT OF THE HOLDINGS OF THE PERSONS REFERRED TO IN 3 
ABOVE 
.................................... 
6. Description of shares (including class), debentures or derivatives or 
financial instruments relating to shares 
COMMON SHARES 
.................................... 
7. Name of registered shareholders(s) and, if more than one, the number of 
shares held by each of them 
SEE ITEM 3 ABOVE 
.................................... 
8 State the nature of the transaction 
ACQUISITION OF SHARES PURSUANT TO LONG TERM INCENTIVE PLAN, ACCELERATED VESTING 
DUE TO CHANGE OF CONTROL 
.................................... 
9. Number of shares, debentures or financial instruments relating to shares 
acquired 
+--------------------------+----------------+ 
| JEAN CLAUDE GANDUR       | 177,000        | 
+--------------------------+----------------+ 
| MICHAEL EBSARY           | 57,300         | 
+--------------------------+----------------+ 
| JIM PEARCE               | 57,300         | 
+--------------------------+----------------+ 
| DAVID CODD               | 43,977         | 
+--------------------------+----------------+ 
.................................... 
10. Percentage of issued class acquired (treasury shares of that class should 
not be taken into account when calculating percentage) 
+--------------------------+---------------------------------+ 
| JEAN CLAUDE GANDUR       | APPROXIMATELY 0.11%             | 
+--------------------------+---------------------------------+ 
| MICHAEL EBSARY           | APPROXIMATELY 0.04%             | 
+--------------------------+---------------------------------+ 
| JIM PEARCE               | APPROXIMATELY 0.04%             | 
+--------------------------+---------------------------------+ 
| DAVID CODD               | APPROXIMATELY 0.03%             | 
+--------------------------+---------------------------------+ 
.................................... 
11. Number of shares, debentures or financial instruments relating to shares 
disposed 
NO SHARES WERE DISPOSED 
.................................... 
12. Percentage of issued class disposed (treasury shares of that class should 
not be taken into account when calculating percentage) 
NO SHARES WERE DISPOSED 
.................................... 
13. Price per share or value of transaction 
+--------------------------+------------------------------------+ 
| JEAN CLAUDE GANDUR       | 59,000 @ CAD 42.50                 | 
|                          | 118,000 @ CAD 31.01                | 
+--------------------------+------------------------------------+ 
| MICHAEL EBSARY           | 19,100 @ CAD 42.50                 | 
|                          | 38,200 @ CAD 31.01                 | 
+--------------------------+------------------------------------+ 
| JIM PEARCE               | 19,100 @ CAD 42.50                 | 
|                          | 38,200 @ CAD 31.01                 | 
+--------------------------+------------------------------------+ 
| DAVID CODD               | 14,659 @ CAD 42.50                 | 
|                          | 29,318 @ CAD 31.01                 | 
+--------------------------+------------------------------------+ 
 
 
.................................... 
14. Date and place of transaction 
+--------------------------+------------------------------------+ 
| JEAN CLAUDE GANDUR       | 17 AUGUST 2008, CALGARY, ALBERTA   | 
+--------------------------+------------------------------------+ 
| MICHAEL EBSARY           | 17 AUGUST 2008, CALGARY, ALBERTA   | 
+--------------------------+------------------------------------+ 
| JIM PEARCE               | 17 AUGUST 2008, CALGARY, ALBERTA   | 
+--------------------------+------------------------------------+ 
| DAVID CODD               | 17 AUGUST 2008, CALGARY, ALBERTA   | 
+--------------------------+------------------------------------+ 
.................................... 
15. Total holding following notification and total percentage holding following 
notification (any treasury shares should not be taken into account when 
calculating percentage) 
+--------------------------+----------------------------------------------+ 
| JEAN CLAUDE GANDUR       | 177,000 SHARES, APPROXIMATELY 0.11%          | 
+--------------------------+----------------------------------------------+ 
| MICHAEL EBSARY           | 57,300 SHARES, APPROXIMATELY 0.04%           | 
+--------------------------+----------------------------------------------+ 
| JIM PEARCE               | 57,300 SHARES, APPROXIMATELY 0.04%           | 
+--------------------------+----------------------------------------------+ 
| DAVID CODD               | 43,977 SHARES, APPROXIMATELY 0.03%           | 
+--------------------------+----------------------------------------------+ 
.................................... 
16. Date issuer informed of transaction 
17 AUGUST 2008 
.................................... 
If a person discharging managerial responsibilities has been granted options by 
the issuer complete the following boxes 
 
 
[17 - 23 DELETED] 
.................................... 
24. Name of contact and telephone number for queries 
ALLISON NEAPOLE, +41 22 702 6429 
.................................... 
Name and signature of duly authorised officer of issuer responsible for making 
notification 
"signed" 
Allison M. Neapole 
Senior Legal Advisor 
.................................... 
Date of notification 
18 AUGUST 2008 
.................................... 
END 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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