Holding(s) in Company

For filings with the FSA include the annex                                                
                                                                                          
For filings with issuer exclude the annex                                                 
                                                                                          
                                                                                          
                                                                                          
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                           
                                                                                          
                                                                                          
                                                                                          
1. Identity of the issuer or the underlying issuer                      Cadogan Petroleum 
of existing shares to which voting rights are                           Plc               
attached:ii                                                                               
                                                                                          
2 Reason for the notification (please tick the appropriate box or boxes):                 
                                                                                          
An acquisition or disposal of voting rights                                      X
                                                                                          
An acquisition or disposal of qualifying financial instruments which may result           
in the acquisition of shares already issued to which voting rights are attached           
                                                                                          
An acquisition or disposal of instruments with similar economic effect to                 
qualifying financial instruments                                                          
                                                                                          
An event changing the breakdown of voting rights                                          
                                                                                          
Other (please specify):                                                                   
                                                                                          
3. Full name of person(s) subject to the                              Michel Meeus        
notification obligation:iii                                                               
                                                                                          
4. Full name of shareholder(s)                                        Same as 3           
 (if different from 3.):iv                                                                
                                                                                          
5. Date of the transaction and date on                                                    
which the threshold is crossed or                                     13/08/2012          
reached: v                                                                                
                                                                                          
6. Date on which issuer notified:                                     22/08/2012          
                                                                                          
7. Threshold(s) that is/are crossed or                                                    
reached: vi, vii                                                                          
                                                                                          


 

8. Notified details:                                                                             
                                                                                                 
A: Voting rights attached to shares viii, ix                                                     
                                                                                                 
Class/   Situation previous            Resulting situation after the triggering transaction      
type of  to the triggering                                                                       
shares   transaction                                                                             
                                                                                                 
                                                                                                 
if       Number             Number     Number     Number of voting        % of  voting rights x  
possible of                 of         of         rights                                         
using    Shares             Voting     shares                                                    
the ISIN                    Rights                                                               
CODE                                                                                             
                                       Direct     Direct xi  Indirect xii Direct   Indirect      
                                                                                                 
                                                                                                 
Shares                                                                                           
voting                                                                                           
rights   11500000           11500000   16000000   16000000                6.93%                  
                                                                                                 
                                                                                                 
                                                                                                 
                                                                                                 
                                                                                                 
B: Qualifying Financial Instruments                                                              
                                                                                                 
Resulting situation after the triggering transaction                                             
                                                                                                 
Type of          Expiration        Exercise/              Number of voting      % of voting      
financial        date xiii         Conversion Period      rights that may be    rights           
instrument                         xiv                    acquired if the                        
                                                          instrument is                          
                                                          exercised/ converted.                  
                                                                                                 
                                                                                                 
                                                                                                 
                                                                                                 
                                                                                                 
C: Financial Instruments with similar economic effect to Qualifying Financial                    
Instruments xv, xvi                                                                              
                                                                                                 
Resulting situation after the triggering transaction                                             
                                                                                                 
Type of    Exercise price  Expiration Exercise Number of voting rights        % of voting rights  
financial                  date xvii /        instrument refers to           xix, xx             
instrument                           Conversion                                                    
                                     period                                                      
                                     xviii                                                       
                                                                                                 
                                                                             Nominal Delta        
                                                                                                 
                                                                                                 
                                                                                                 
                                                                                                 
                                                                                                 
Total (A+B+C)                                                                                    
                                                                                                 
Number of voting rights                   Percentage of voting rights                            
                                                                                                 
16,000,000                                6.93%                                                  
                                                                                                 


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                                           
                                                                                        
11. Number of voting rights proxy holder will cease                                     
to hold:                                                                                
                                                                                        
12. Date on which proxy holder will cease to hold                                       
voting rights:                                                                          
                                                                                        
                                                                                        
                                                                                        
                                                                                        
13. Additional information:                                                             
                                                                                        
14. Contact name:                                                  SE Bort              
                                                                                        
                                                                                        
                                                                                        
15. Contact telephone number:                                      0207 487 8301