Holding in Company

Sterling Energy PLC
03 January 2008


TR-1: Notifications of Major Interests in Shares


1. Identity of the issuer or the underlying issuer of existing shares to which 
voting rights are attached:

Sterling Energy plc Ord 1p
                  
2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

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:  Yes

Other (please specify): Increase in Shares in Issue


3. Full name of person(s) subject to notification obligation:

Artemis Investment Management Ltd                   


4. Full name of shareholder(s) (if different from 3):

Artemis Special Situations
Akzo Nobel
Barclays Smaller Companies
Institutional Special Situations
Pearson
Prudential Pension Scheme


5. Date of transaction (and date on which the threshold is crossed or reached if    
different):

24th December 2007


6. Date on which issuer notified:  
        
27th December 2007


7. Threshold(s) that is/are crossed or reached: 

 %                                               


8: Notified Details
A: Voting rights attached to shares

Class/type  Situation previous to the   Resulting situation after the triggering 
of shares   triggering transaction                    transaction
If 
possible  Number of   Number of  Number of  Number of voting      Percentage of
use ISIN     shares    voting     shares       rights             voting rights
code                   rights
                                                 Direct Indirect Direct Indirect

GB000   105,988,897 105,988,897 105,988,897 105,988,897       -   6.43%       -
5299929


B: Financial Instruments
Resulting situation after the triggering transaction

Type of     Expiration Exercise/     No. of voting rights that may   Percentage
financial   date       conversion    be acquired (if the instrument  of voting
instrument             period/date   exercised/converted)            rights



Total (A+B)
Number of voting rights      Percentage of voting rights

    105,988,897                             6.43%


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


Proxy Voting:

10. Name of 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:

13. Additional information:

14 Contact name:

Alistair Fleming

15. Contact telephone name: 

0131 718 0411




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