Holding(s) in Company

Island Oil and Gas PLC 04 June 2007 Island Oil & Gas plc Holding in Company Island Oil & Gas plc has received a notification from Gartmore Investment Limited ('Gartmore') dated 29 May 2007. The notification states that, as at 29 May 2007, Gartmore holds, in aggregate, 13,189,567 ordinary shares of €0.01 each in the Company, representing approximately 11.948% of the 110,394,365 shares in issue. 4 June 2007 Enquiries: Lisa J Newman MCIPR MIRS Newman Consulting Tel: +44 (0)1252 878682 This information is provided by RNS The company news service from the London Stock Exchange

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