Holding(s) in Company

24 June 2011

Chariot Oil & Gas Limited

(the "Company")

Holding in Company

Chariot Oil & Gas Limited was notified today that, as of 23 June 2011, Citigroup Global Markets UK Equity Limited has an interest in 7,974,672 ordinary shares in the Company, representing 4.40% of the Company's issued ordinary share capital.

- Ends -

Contacts:

Artemis Secretaries LimitedPO Box 100Trafalgar CourtAdmiral ParkSt Peter PortGuernsey GY1 3EL

RBC Capital Markets

Josh Critchley, Martin Eales +44 (0)20 7653 4000