Holding(s) in Company

17 September 2012

Chariot Oil & Gas Limited

(the "Company")

Holding in Company

Chariot Oil & Gas Limited was notified today that, as of 14 September 2012, Janus Capital Management LLC holds a total interest 4,270,541 shares in the Company, representing 2.13% of the Company's issued ordinary share capital.

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For further information please contact:

Chariot Oil & Gas Limited +44 (0)20 7318 0450

Paul Welch, CEO

RBC Capital Markets (Joint Broker and NOMAD) +44 (0)20 7653 4000

Martin Eales, Pierre Schreuder

UBS Investment Bank (Joint Broker) +44 (0)20 7567 8000

Philip Wolfe, Rahul Luthra

FTI Consulting +44 (0)20 7831 3113

Ben Brewerton, Edward Westropp