Holding(s) in Company

Chariot Oil & Gas Limited

(the "Company")

Holding in Company

Chariot Oil & Gas Limited was informed yesterday that Al Rajhi Holdings W.L.L no longer has a notifiable interest in the ordinary shares in the Company.

- Ends -

Contacts:

Artemis Secretaries Limited PO Box 100 Sydney Vane House Admiral Park St Peter Port Guernsey GY1 3EL

Susan Walker, KPMG Corporate Finance - nominated adviser

Tel: +44 (0) 20 7311 1000

KPMG Corporate Finance, a division of KPMG LLP which is authorised and regulated by the Financial Services Authority for investment business activities, is acting for the Company as nominated adviser in relation to the matters set out in this announcement and is not acting for any other person in relation to these matters. KPMG Corporate Finance will not be responsible to anyone other than Company for providing the protections afforded to its clients or for providing advice in relation to the contents of this announcement.