Holding(s) in Company

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Hardy Oil & Gas PLC

2. Reason for the notification

An acquisition or disposal of voting rights

YES

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 a similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

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

Aberforth Partners LLP

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

Shareholder Shares

1. Aberforth Smaller Companies Trust plc 6,324,643

2. Aberforth UK Small Companies Fund 1,018,987

All shares are registered in the name of Nortrust Nominees Ltd A/c Aberforth

5. Date of transaction (and date on which the threshold is crossed or reached if different):

07/02/2014

6. Date on which issuer notified:

10/02/2014

7. Threshold(s) that is/are crossed or reached:

10%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Number of shares

Number of voting rights

% of voting rights

Direct

Indirect

Direct

Indirect

Ordinary 5,593,656 5,593,656 7,343,630 N/A 7,343,630 N/A 10.05

GB00B09MB366

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/conversion period

No. of voting rights that may be acquired if the instrument exercised/converted

% of voting rights

N/A

N/A

N/A

N/A

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after triggering transaction

Type of financial instrument

Expiration price

Expiration date

Exercise / conversation period

No. of voting rights instrument refers to

% of voting rights

N/A

N/A

N/A

N/A

N/A

Nominal

%

N/A

N/A

Total (A+B+C)

Number of voting rights

Percentage of voting rights

7,343,630

10.05

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

Held by Aberforth Partners LLP

Proxy Voting:

10. Name of proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A