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Holdings in Company

17th Oct 2012 15:15

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer Magnolia Petroleum Plcof existing shares to which voting rights are

attached:ii GB00B1G3RY22

2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights X

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 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 the UBS Investment Bank notification obligation:iii 4. Full name of shareholder(s) UBS AG London Branch (if different from 3.):iv

5. Date of the transaction and date on which the threshold is crossed or 12 October

2012 reached: v

6. Date on which issuer notified: 16 October

2012

7. Threshold(s) that is/are crossed or 4%

reached: vi, vii 8. Notified details:

A: Voting rights attached to shares viii, ix Class/type Situation previous Resulting situation after the triggering transaction of to the triggering shares transaction if possible Number Number Number Number of voting % of voting rights xusing of of of shares rights the ISIN Shares Voting CODE Rights Direct Direct xi

Indirect xii Direct Indirect

GB00B1G3RY22 - - 35,990,577 36,990,577 - 4.61% -

B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration Exercise/ Number of voting % of voting instrument date xiii Conversion Period xiv rights that may be rights acquired if the instrument is exercised/ converted. - - - - - C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction Type of Exercise price Expiration Exercise/ Number of voting rights % of voting rightsfinancial date xvii Conversion period instrument refers to xix, xx instrument xviii - Nominal Delta - - - - - - Total (A+B+C) Number of voting rights Percentage of voting rights 35,990,577 4.61%

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

Proxy Voting: 10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease

to hold:

12. Date on which proxy holder will cease to hold

voting rights: 13. Additional information: 14. Contact name: Konstantina Georgaki / Nemanja Pantic 15. Contact telephone number: +41 44 239 4071

XLON

Related Shares:

Magnolia Petroleum
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