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Holding(s) in Company

16th Jun 2005 17:04

Island Oil and Gas PLC16 June 2005 Island Oil and Gas plc Holdings in Company Island Oil and Gas plc ("Island", the "Company"), has today receivednotification dated 13 June 2005 from Gartmore Investment Management plc of adecrease in its holding in the Company. The notification states that, followingthe sale of 722,567 ordinary shares in the Company at £0.555 on 7 June 2005,Gartmore Investment Management plc now holds in aggregate 2,710,000 ordinaryshares of €0.01 each in the Company. This represents approximately 5.725% of the issued ordinary share capital, which was increased to 47,330,000 sharesfollowing completion of the Lundin Transaction on 9 June 2005. 16 June 2005 Enquiries: Lisa J Newman MCIPR MIRSNewman Consulting Tel: +44 (0)1252 878682 This information is provided by RNS The company news service from the London Stock Exchange

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