Holding(s) in Company

For immediate release 6 September 2010

Chariot Oil & Gas Limited

(the "Company")

Holding in Company

Chariot Oil & Gas Limited was notified today that, as of the 3rd September 2010, Citigroup Global Markets UK Equity Limited has an interest in 20,763,595 ordinary shares in the Company, representing 14.39% of the Company's issued ordinary share capital.

- Ends -

Contacts:

Artemis Secretaries Limited PO Box 100 Sydney Vane House Admiral Park St Peter Port Guernsey GY1 3EL

Ambrian Partners Limited (NOMAD) +44 (0)20 7634 4856

Richard Swindells