Holding(s) in Company

PetroNeft Resources plc ('PetroNeft' or 'the Company')

Holding(s) in Company

PetroNeft was notified on 17 November 2010 by Macquarie Group Limited acting on behalf of Macquarie Bank Limited that, following the issuance of the Second Tranche of shares in the placing announced by PetroNeft on 19 October, its shareholding is 25,628,047 ordinary shares of €0.10 each representing 6.17% of the Company's issued share capital.

Contacts

Paul Dowling, CFO, PetroNeft Resources plc

+353 1 4433720

End