Shareholding

Gold Oil PLC
04 May 2005





FOR IMMEDIATE RELEASE 4 May 2005

                   GOLD OIL PLC ('Gold Oil' or the 'Company')
                                  Shareholding

The Company was informed on 29 April 2005 that at the close of business on 28
April 2005 Man Financial Limited were the beneficial owners of 20,736,000
Ordinary Shares of 0.025p each ('Ordinary Shares'), representing a total
percentage holding of 6.36% of the Company's issued share capital.





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