Disclosure of Holdings

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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

Imperial Energy Corporation Plc

2. Reason for the Notification -(please tick the appropriate box or boxes)

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

Other (please specify): Rights Issue

Yes

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

Lloyds TSB Group Plc

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

Lloyds Bank (PEP) Nominees Ltd

State Street Nominees Ltd

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

30.06.08

6. Date on which issuer notified:

01.07.08

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

Fallen below 3%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares

If possible using the ISIN CODE

Situation previous to the Triggering transaction 

Resulting situation after the triggering transaction 

Number of Shares

Number of Voting Rights 

Number of shares

Number of voting rights 

% of voting rights

Direct 

Indirect 

Direct

Indirect

GBP0.025B00HD78

1,568,525

1,568,525

1,568,525

1,568,525

1.533

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date 

Exercise / Conversion Period / Date 

Number of voting rights that may be acquired if the instrument is exercised / converted.

% of voting rights

Total (A+B)

Number of voting rights

% of voting rights

1,568,525

1.533%

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

138 Shares are held by Lloyds Bank (PEP) Nominees Ltd, a wholly owned subsidiary of Lloyds TSB Bank Plc, a wholly owned subsidiary of Lloyds TSB Group Plc.

1,568,387 Shares are held by State Street Nominees Ltd. Shares are under the control of Scottish Widows Investment Partnership Ltd, a wholly owned subsidiary of Scottish Widows Investment Partnership Group Ltd, a wholly owned subsidiary of Scottish Widows Group Ltd, a wholly owned subsidiary of Lloyds TSB Bank plc, a wholly owned subsidiary of of Lloyds TSB Group Plc.  

Proxy Voting 

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

Enquiries:

2 July 2008

Imperial Energy

+44 (0) 20 7758 9658

Pelham PR

Elena Dobson

+44(0) 20 3178 4418

+44(0)79 3252 4760

Evgeniy Chuikov

+44(0) 20 3008 5506

+44(0)78 9460 8606