Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                         
                                                                                        
                                                                                        
1. Identity of the issuer or the underlying issuer                                      
of existing shares to which voting rights are                   Cadogan Petroleum Plc   
attached:                                                                             
                                                                                        
2. Reason for the notification (please tick the appropriate box or boxes):               
                                                                                        
An acquisition or disposal of voting rights                                          Yes
                                                                                        
An acquisition or disposal of qualifying financial instruments which may result      No 
in the acquisition of shares already issued to which voting rights are attached         
                                                                                        
An acquisition or disposal of instruments with similar economic effect to            No 
qualifying financial instruments                                                        
                                                                                        
An event changing the breakdown of voting rights                                     No 
                                                                                        
Other (please specify):                                                              No 
                                                                                        
3. Full name of person(s) subject to the Damille Investments II Limited                 
notification obligation:                                                             
                                                                                        
                                         Singer Nominees Limited (on behalf of Damille  
4. Full name of shareholder(s)           Investments II Limited) and Pershing Nominees  
 (if different from 3.):                 Limited (on behalf of Damille Investments II   
                                         Limited)                                       
                                                                                        
5. Date of the transaction and date on   28 January 2013                                
which the threshold is crossed or                                                       
reached:                                                                               
                                                                                        
6. Date on which issuer notified:        4 February 2013                                
                                                                                        
7. Threshold(s) that is/are crossed or   3%, 4%, 5%, 6%                                 
reached:                                                                         


8. Notified details:                                                                      
                                                                                          
A: Voting rights attached to shares                                               
                                                                                          
Class/type   Situation previous           Resulting situation after the triggering        
of           to the triggering            transaction                                     
shares       transaction                                                                  
                                                                                          
             Number          Number       Number Number of voting     % of  voting rights 
if possible  of              of           of     rights                                  
using        Shares          Voting       shares                                          
the ISIN                     Rights                                                       
CODE                                      Direct Direct Indirect      Direct Indirect     
                                                                                           
Ordinary     3,690,000       3,690,000    N/A    N/A    15,322,866    N/A       6.63%    
                                                                                          
GB00B12WC938                                                                              
                                                                                          
                                                                                          
                                                                                          
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                                            acquired if the                     
                                                      instrument is                       
                                                      exercised/ converted.               
                                                                                          
N/A            N/A            N/A                     N/A                   N/A           
                                                                                          
                                                                                          
                                                                                          
C: Financial Instruments with similar economic effect to Qualifying Financial             
Instruments                                                                        
                                                                                          
Resulting situation after the triggering transaction                                      
                                                                                          
Type of       Exercise price Expiration  Exercise/   Number of voting  % of voting rights 
financial                    date        Conversion  rights instrument            
instrument                               period      refers to                            
                                                                                          
                                                                       Nominal Delta      
N/A           N/A            N/A         N/A         N/A                                  
                                                                       N/A     N/A        
                                                                                          
                                                                                          
                                                                                          
Total (A+B+C)                                                                             
                                                                                          
Number of voting rights                     Percentage of voting rights                   
                                                                                          
15,322,866                                  6.63%                                         
                                                                                          

 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable:                           
                                                                                        
Damille Investments II Limited holds 3,690,000 shares through Pershing Nominees         
Limited and 11,632,866 shares through Singer Nominees Limited.                          
                                                                                        
                                                                                     
                                                                                        
Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                             N/A           
                                                                                        
11. Number of voting rights proxy holder will cease                       N/A           
to hold:                                                                                
                                                                                        
12. Date on which proxy holder will cease to hold                         N/A           
voting rights:                                                                          
                                                                                        
13. Additional information:                               N/A                              
                                                                                        
14. Contact name:                                         Anson Fund Managers Limited   
                                                                                        
15. Contact telephone number:                             01481 722 260