Holding(s) in Company

New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas

18 October 2011

New World Oil and Gas Plc ('New World' or the 'Company')

Holdings in Company

New World Oil and Gas Plc, a company focused on making investments in the oil and gas sector, announces that it has today received the notification as set out below:

"Following the disaggregation exemption to the FSA under the Disclosure and Transparency Rules on 17 October 2011, AXA SA and its subsidiary notifying Group entities, acting independently from their parent and from each other, no longer have any reportable holdings in New World on a Group aggregated basis. However, AXA Investment Managers SA has now crossed upward the 5% threshold and has a holding of 9.98% and 12,789,147 shares on a Group disaggregated basis as an independent Group subsidiary."

AXA SA previously informed the Company on 6 July 2011, that the 12,789,147 shares were held by AXA SA.

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For further information please visit www.nwoilgas.com or contact:

Notes

New World Oil and Gas Plc is focussed on making investments in the oil and gas sector, either by acquisition or by participation through Farm-Out. The Company targets late stage exploration or early production projects that, in the opinion of the Directors, are undervalued, underdeveloped or under-performing, located in basins with large proven reserves. New World is currently operating in Central America and Europe where New World has acquired two highly prospective projects via Farm-Out Agreements, although the Board is actively identifying exploitation opportunities in areas including Africa, South America and South East Asia.

New World's first investment was in the Blue Creek Project, located in the productive Petén Basin in northwest Belize, and consists of two concessions, Blue Creek and Blue Creek South, totalling 420sq km. The Company has signed a Farm-Out Agreement for up to a 100% working interest in the project upon full completion of the earn-in work programme. A multi-phased 2-D seismic acquisition and interpretation programme is being undertaken, with Phase 1 complete and Phase 2 currently underway, the completion of which will earn the Company a 25% interest in the project.