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Cardinal Resources (CDL)

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Monday 03 September, 2007

Cardinal Resources


Cardinal Resources plc
03 September 2007

LONDON - Monday, 3rd September 2007                                                                                  
Cardinal Resources plc (AIM:CDL) ('Cardinal' or 'the Company'), an independent oil and gas exploration and production 
company operating in Ukraine, today confirms that in accordance with Rule 2.10 of the City Code on Takeovers and 
Mergers, it has 114,554,108 ordinary shares of 20 pence each in issue which are admitted to trading on AIM under 
UK ISIN code GB00B03XK508.

Dealing Disclosure Requirements:

Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the 'Code'), if any person is, or 
becomes, 'interested' (directly or indirectly) in 1% or more of any class of 'relevant securities' of Cardinal, all 
'dealings' in any 'relevant securities' of that company (including by means of an option in respect of, or a derivative 
referenced to, any such 'relevant securities') must be publicly disclosed by no later than 3.30pm (London time) on the 
London business day following the date of the relevant transaction. This requirement will continue until the date on 
which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which 
the 'offer period' otherwise ends. If two or more persons act together pursuant to an agreement or understanding, 
whether formal or informal, to acquire an 'interest' in 'relevant securities' of Cardinal, they will be deemed to be a 
single person for the purpose of Rule 8.3.

Under the provisions of Rules 8.1 of the Code, all 'dealings' in 'relevant securities' of Cardinal by a potential 
offeror, or Cardinal, or by any of their respective 'associates', must be disclosed by no later than 12.00 noon (London 
time) on the London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose 'relevant securities' 'dealings' should be disclosed, 
and the number of such securities in issue, can be found on the Takeover Panel's website at:

'Interests in securities' arise, in summary, when a person has long economic exposure, whether conditional or 
absolute, to changes in the price of securities. In particular, a person will be treated as having an 'interest' by 
virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced 
to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any 
doubt as to whether or not you are required to disclose a 'dealing' under Rule 8, you should consult the Panel.

For further information please contact:
Cardinal Resources                                    Nominated Adviser                        
Charles Green / Natalia Egorova                       Nabarro Wells & Co. Limited   
+44 (0) 20 7936 5250                                  John Wilkes / Marc Cramsie      
[email protected]                    +44 (0) 20 7710 7400                       
                                                      [email protected]
Notes to Editor
Cardinal Resources plc is an independent oil and gas company engaged in the acquisition, development, production and 
exploration of oil and natural gas properties 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

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