Holding(s) in Company

For immediate release 27 October 2010

Chariot Oil & Gas Limited

(the "Company")

Holding in Company

Chariot Oil & Gas Limited was notified today that as of the 26th October 2010, Citigroup Global Markets UK Equity Limited has an interest in 20,346,592 ordinary shares in the Company, representing 14.1% of the Company's issued ordinary share capital.

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Contacts:

Artemis Secretaries LimitedPO Box 100Sydney Vane HouseAdmiral ParkSt Peter PortGuernsey GY1 3EL

Ambrian Partners Limited (NOMAD) +44 (0)20 7634 4856

Richard Swindells