Holding(s) in Company

LGO Energy plc

+44 (0) 20 7440 0645

Steve Horton

Neil Ritson

Beaumont Cornish Limited

+44(0) 20 7628 3396

Nomad

Rosalind Hill Abrahams

Roland Cornish

FirstEnergy Capital LLP

+44(0) 20 7448 0200

Joint Broker

Jonathan Wright

David van Erp

Bell Pottinger

+44 (0) 20 3772 2500

Financial PR

Henry Lerwill

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

LGO ENERGY 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

X

An event changing the breakdown of voting rights

Other (please specify):

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

Javed Fiyaz and controlled undertakings

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

Arraya Limited

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

17 May 2016

6. Date on which issuer notified:

18 May 2016

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

5%

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

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

CFD

277,500,000

Nominal

Delta

4.86%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

277,500,000

4.86%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

CFD

Arraya Limited

Total 277,500,000

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:

This disclosure has been calculated based on the denominator of 5,699,053,046 issued Ordinary Shares.

14. Contact name:

15. Contact telephone number:

0207 842 8000