Holding(s) in Company

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii

VENTURE PRODUCTION PLC

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 notification obligation: iii

CENTRICA PLC

CENTRICA HOLDINGS LIMITED

GB GAS HOLDINGS LIMITED

CENTRICA RESOURCES (UK) LIMITED

4. Full name of shareholder(s)  (if different from 3.):iv

CENTRICA RESOURCES (UK) LIMITED

5. Date of the transaction and date on which the threshold is crossed or reached: v

27 AUGUST 2009

6. Date on which issuer notified:

1 SEPTEMBER 2009

7. Threshold(s) that is/are crossed or reached: vi, vii

51% - 66%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

0.4p ORDINARY

75,264,471

75,264,471

99,433,177

99,433,177

SEE SECTION 9 BELOW

66.39%

SEE SECTION 9 BELOW

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

3.25% Convertible Unsecured Bonds due 2010

911p

06/08/2010

ANY TIME FROM 16/02/2008

8,287,596

Nominal

Delta

5.53%

N/A

Total (A+B+C)

Number of voting rights

Percentage of voting rights

107,720,773

71.92%

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

CENTRICA RESOURCES (UK) LIMITED DIRECTLY HOLDS THE VOTING RIGHTS WHICH ARE THE SUBJECT OF THIS NOTIFICATION AND IT IS A WHOLLY-OWNED SUBSIDIARY OF GB GAS HOLDINGS LIMITED. GB GAS HOLDINGS LIMITED IS A WHOLLY-OWNED SUBSIDIARY OF CENTRICA HOLDINGS LIMITED WHICH, IN TURN, IS A WHOLLY-OWNED SUBSIDIARY OF CENTRICA PLC.

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

The total number of voting rights in the issuer used to calculate the percentages in this notification is 149,769,828, being the number disclosed by the issuer to the market on 18 March 2009 pursuant to Rule 2.10 of the City Code on Takeovers and Mergers.

14. Contact name:

PHIL RAPER 

15. Contact telephone number:

020 7774 1000

SIMON WAITE

1 september 2009