Holding(s) in Company

01 June 2011

Chariot Oil & Gas Limited

(the "Company")

Holding in Company

Chariot Oil & Gas Limited was notified today that, as of 31 May 2011, Citigroup Global Markets UK Equity Limited has an interest in 17,454,259 ordinary shares in the Company, representing 9.64% of the Company's issued ordinary share capital.

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Contacts:

Artemis Secretaries LimitedPO Box 100Sydney Vane HouseAdmiral ParkSt Peter PortGuernsey GY1 3EL

RBC Capital Markets

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