Holding(s) in Company

Cardinal Resources plc
19 October 2005

Contact
Kate Spiro
DIRECTOR
Investor Relations
[e-mail] 
[phone]
                           

HOLDINGS IN COMPANY

                           
LONDON - Wednesday, 19th October 2005

Cardinal Resources plc (AIM:CDL), an independent oil and gas exploration and 
production company, was today notified that as of 17th October 2005:

•    RAB Special Situations LP has an interest in 12,708,333 Cardinal Ordinary
     Shares, representing 13.72% of the issued Ordinary Share capital of the 
     Company;

•    Millennium Global Investments Limited has an interest in 5,679,217 Cardinal
     Ordinary Shares, representing 6.13% of the issued Ordinary Share capital of 
     the Company;

•    IKB Investments Limited has an interest in 2,819,674 Cardinal Ordinary 
     Shares, representing 3.04% of the issued Ordinary Share capital of the 
     Company.


                           
Cardinal Resources plc

Cardinal Resources plc is an independent oil and gas exploration and production 
company with assets in Ukraine. Cardinal is an experienced operator in the 
country focused on expanding its existing operations through the farm-in or 
acquisition of additional upstream oil and gas assets that can be further 
developed through the application of modern technology and expertise.



                              ###




                      This information is provided by RNS
            The company news service from the London Stock Exchange      HOLEAKENFLESFFE