Holding(s) in Company

For immediate release 26 August 2015

New World Oil and Gas Plc

('New World' or 'the Company')

Holding(s) in Company

The Board of New World announces that on 24 August 2015 the Company 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

 Mathew Benjamin Turney

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

Mathew Benjamin Turney, James Larking, Neil Walkington-Mayo, Angelina Walkington-Mayo, Dr William Robb, David Dunham, Ragu Sittamballam, Andy Hutchins, Mohinder Dharar, Saleh Ahmed, Phil Terry, Will Meredith, Mark Booth, Paul Miller, John Cooney, Mike Rendell, Mike Joseph, Keith Rowbotham, Sunil Ramnani, Bruce Michael, Mehul Barnania, Vijay Topiwala, Russell Stephens, Peter Bambing, Andy Mills, Gary Bullivant, Chris Parrish, Janice Bullivant, Steve Coomber, Robert Watson Blair-Watt, Michael Bohan, Johnathan Lloyd-Gane, Simon Watson, Ron Young,

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

24/08/2015

6. Date on which issuer notified:

24/08/2015

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

9%

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

382,258,986

382,258,986

423,617,470

423,617,470

9.23%

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

423,617,470

9.23%

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

The newly reformed NWOGaction is the shareholder action group for ordinary private investors and shareholders in New World Oil & Gas. The group's website is www.nwogaction.co.uk .

If any shareholders wish to join NWOGaction please email [email protected].

NWOGaction aims to exert an effective collective influence over New World and hopes to work cooperatively with the company to ensure that all stakeholders benefit from a reinvigorated business model. NWOGaction recognises how difficult the recent history has been for New World and accepts the preferable course of action now is to attempt a more collaborative approach. NWOGaction hopes and expects other stakeholders in the business will reciprocate this new approach.

NWOGaction explicitly has no desire or plan to gain control of New World, but one specific goal it has is to seek an appointment to the board of directors of a credible non-executive director to represent the interests of private shareholders and members of NWOGaction.

14. Contact name:

Ben Turney