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Ocean Res Cap Hldgs (OCE)

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Friday 29 October, 2004

Ocean Res Cap Hldgs

Holding(s) in Company

Ocean Resources Capital HoldingsPLC
29 October 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1)         Name of company

            OCEAN RESOURCES CAPITAL HOLDINGS PLC


2)         Name of shareholder having a major interest

            QVT FUND LP


3)         Please state whether notification indicates that it is in respect of
holding of the shareholder

            named in 2 above or in respect of a non-beneficial interest or in
the case of an individual

            holder if it is a holding of that person's spouse or children under
the age of 18


            SHAREHOLDER IN 2) ABOVE

4)         Name of the registered holder(s) and, if more than one holder, the
number of shares held by

            each of them

            SHAREHOLDER IN 2) ABOVE

5)         Number of shares/amount of stock acquired

            8,625,000


6)         Percentage of issued class

            10.12%

7)         Number of shares/amount of stock disposed

            N/A

8)         Percentage of issued class

            N/A


9)         Class of security

            ORDINARY SHARES OF 1 PENCE EACH

10)       Date of transaction

            NOT DISCLOSED

11)       Date company informed

            29 OCTOBER 2004


12)       Total holding following this notification

            8,625,000 SHARES


13)       Total percentage holding of issued class following this notification

            10.12%

14)       Any additional information



15)       Name of contact and telephone number for queries

            DAVID HUTCHINS, CHIEF EXECUTIVE, OCEAN RESOURCES CAPITAL HOLDINGS
PLC - 020 7332 2070

16)       Name and signature of authorised company official responsible for
making this notification

            DAVID HUTCHINS, CHIEF EXECUTIVE


            Date of notification 29 OCTOBER 2004


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

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