Holding(s) in Company

For filings with the FSA include the annex

For filings with issuer exclude the annex

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

D1 Oils plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

YES

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

YES

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):

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

Principle Capital Investments Limited

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

26,473,330 shares in the name of Principle Capital Investments Limited and 8,415,759 shares in the name of Evo Nominees Limited

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

Date of transaction 7 February 2011

Date at which threshold is crossed in relation to the shares listed at 8A: 7 February 2011

Date at which threshold is crossed in relation to the qualifying financial instruments listed at 8B:

6. Date on which issuer notified:

9 February 2011

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

27% (reducing through 14% if call option is exercised)

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 on 7 February 2011

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

£0.01 Ordinary

17,389,089

17,389,089

34,889,089

34,889,089

27.55

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

Call Option

31/3/2011

Any time

17,389,089

13.81

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

34,889,089

27.55

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:

On 12 October 2010, Principle Capital Investments Limited and Principle Capital, L.P. entered into a sale agreement for 17,500,000 shares. The purchaser has failed to complete the purchase and the agreement has terminated. Principle Capital, L.P., has transferred its shares in D1 Oils plc to Principle Capital Investments Limited.

The option referred to at 8B above continues to be exercisable by the purchaser at any time until expiry on 31 March 2011.

14. Contact name:

Principle Capital Fund Managers Ltd

Ana Romero

15. Contact telephone number:

+41 22 908 1190