Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: CADOGAN PETROLEUM

PLC

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 instrumentswhich may result in the acquisition of shares already issued towhich voting rights are attached

An acquisition or disposal of instruments with similar economiceffect to qualifying financial instruments

An event changing the breakdown of voting rights Other (please specify):

3. Full name of person(s) subject to the notificationobligation:

European Bank for Reconstruction and Development4. Full name of shareholder(s) (if different from 3.):5. Date of the transaction and date onwhich the threshold is crossed orreached: 31 January 2013 6. Date on which issuer notified: 18 February 20137. Threshold(s) that is/are crossed or Disposal of all 11,632,866 shares reached:8. Notified details: A: Voting rights attached to shares:

Class/ type of Situation previous to Resulting situation after the triggeringshares if possible the triggering transaction situation

using the ISIN CODE Number of Number of Number of Number of voting %of voting shares Voting Eights shares rights rights Direct Direct Indirect Direct Indirect 11,632,866 ZERO ZERO B: Qualifying Financial InstrumentsResulting situation after the triggering transaction Type of Expiration Exercise/ Number of voting % of votingfinancial date Conversion Period rights that may be rights acquired if the instrument is exercised/ convertedC: Financial Instruments with similar economic effect to Qualifying FinancialInstruments Resulting situation after the triggering transaction Type of Exercise price Expiration Exercise/ Number of voting % of votingfinancial date Conversion rights instrument rightsinstrument period refers to Nominal DeltaTotal (A+B+C)Number of voting rights Percentage of voting rightsZero

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: James Wilson 15. Contact telephone number: 0207 338

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