Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying issuer Cadogan Petroleumof existing shares to which voting rights are Plc attached: 2. Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights

Yes

An acquisition or disposal of qualifying financial instruments which may resultin the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect toqualifying financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the Michel Meeusnotification obligation: 4. Full name of shareholder(s) Same as 3(if different from 3.): 5. Date of the transaction and date onwhich the threshold is crossed or 25/03/2013reached: 6. Date on which issuer notified: 23/04/2013 7. Threshold(s) that is/are crossed or 7%, 8%, 9%, 10%, 11%reached: 8. Notified details: A: Voting rights attached to shares Class/ Situation previous Resulting situation after the triggering transactiontype of to the triggeringshares transaction if Number Number Number Number of voting % of voting rightspossible of of of rightsusing Shares Voting sharesthe ISIN RightsCODE Direct Direct Indirect Direct Indirect Sharesvotingrights 16000000 16000000 26000000 26000000 11.25% B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ Number of voting % of votingfinancial date Conversion Period rights that may be rightsinstrument acquired if the instrument is exercised/ converted. C: Financial Instruments with similar economic effect to Qualifying FinancialInstruments Resulting situation after the triggering transaction Type of Exercise Expiration Exercise/ Number of voting rights % of voting rightsfinancial price date Conversion instrument refers toinstrument period Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 26,000,000 11.25%

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

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: Michel Meeus 15. Contact telephone number: +32 475 209 209