Holding(s) in Company

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

29 March 2012

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

Holdings in Company

New World Oil and Gas Plc, a company focussed on making investments in the oil and gas sector, announces that it has today been informed by FMR LLC, the parent holding company of Fidelity Management & Research Company, that following an acquisition of shares, it now has an interest in 23,000,000 ordinary shares in the Company, representing a total holding of 9.42% of the issued share capital. The shares are held in the nominee account Brown Brothers Harriman and Co.

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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.