Holding(s) in Company

For immediate release 14 March 2016

New World Oil and Gas Plc

('New World' or 'the Company')

Holding(s) in Company

The Board of New World announces that the Company has received the following TR-1 notification which is set out below without amendment.

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

NEW WORLD OIL & GAS 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 qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

Agreement for a concerted exercise of voting rights

x

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

TD Direct Investing, Hargreaves Lansdown, AJ Bell, Barclays Stockbrokers, Selftrade, Halifax Share Trading, Cornhill Capital, Motley Fool, Equitni, Interactive Investor

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

Mathew Benjamin Turney, Gary Bullivant, Andy Hutchins, Will Meredith, James Larking, Peg Foster, Keith Rowbotham, Ron Younghusband, Daniel Pearce, Chris Parrish, Mohammed Salim, Robert Blair Watt, Mike Rendell, John Cooney, Ian Bedford, Tony Gorst, Mark Fereday, Richard Bradley, John O'Gorman, John McFadzean, Richard Howard, Declan Rafferty

5. Date of the transaction and date onwhich the threshold is crossed orreached:

11/03/2016

6. Date on which issuer notified:

13

/03/2016

7. Threshold(s) that is/are crossed orreached: vi, vii

12

%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary Shares

484,981,361

484,981,361

592,956,

501

592,956,

501

12.49%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

592,956,

501

12.49%

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

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

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

13. Additional information

NWOGaction has reformed to offer positive shareholder support to New World Oil & Gas. 

Shareholders in New World Oil & Gas are welcome to join NWOGaction.

14. Contact name:

Ben Turney

15. Contact telephone number:

0046769729066

www.nwogaction.co.uk or email [email protected]