Holding(s) in Company

RNS Number : 6015H

Borders & Southern Petroleum plc

06 November 2008

TR-1: notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:	Borders and Southern Petroleum plc
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 financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation:	Allianz SE
4. Full name of shareholder(s) (if different from 3.):	Allianz Global Investors Global Equity Business Unit Kleinwort Benson Private Bank
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
6. Date on which issuer notified:	6th November 2008
7. Threshold(s) that is/are crossed or reached:	11%
8. Notified details:

A: Voting rights attached to shares

Class/type of shares

if possible using the ISIN CODE

Situation previous to the Triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights viii

Number of shares

Number of voting rights ix

% of voting rights

Direct

Direct x

Indirect xi

Direct

Indirect

GB00B08F4599

20,890,577

22,615,577

225,000

22,390,577

0.116

11.52

B: Financial Instruments

Resulting situation after the triggering transaction xii

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period/ Date xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

Total (A+B)

Number of voting rights

% of voting rights

22,615,577

11.636

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable xv:

Allianz Global Investors Global Equity Business Unit is a wholly owned subsidiary of Allianz SE.

Allianz Insurance plc is a subsidiary of Allianz SE. Allianz SE is the ultimate holding company of Allianz Holdings plc which is a holding company of Allianz Insurance Plc. The shares in Allianz Holdings Plc are held by Allianz UK Limited, which is a 66.7% owned subsidiary of Allianz Europe Limited ('Allianz Europe'). The other 33.3% of shares in Allianz UK Limited are owned by Allianz Liebensversicherungs GmbH, which is itself an indirect subsidiary of Allianz SE. Allianz Europe is an 85% owned subsidiary of AZ-Argos 10 Vermogensverwaltungsgesellschaft GmbH which in its turn is a wholly owned subsidiary of Allianz SE. Allianz SE is also the owner of the other 15% of Allianz Europe.

Dresdner Bank AG is the holding company of Kleinwort Benson Private Bank Ltd. Dresdner Bank AG is a subsidiary of Allianz Finanzbeteiligungs GmBH which is a direct subsidiary of Allianz SE.

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: