Holding(s) in Company

PetroNeft Resources plc ('PetroNeft' or 'the Company')

Holding(s) in Company

PetroNeft was notified on 24 January 2011 by J.P. Morgan Securities Limited that JPMorgan Chase & Co., and its controlled undertakings, have an aggregate interest in 33,452,991 ordinary shares of €0.10 each representing 8.04%* of the issued share capital of PetroNeft Resources Plc.

\* This percentage shareholding is based on a shares in issue figure of 415,932,432 ordinary shares.

Contacts

Paul Dowling, CFO, PetroNeft Resources plc

+353 1 4433720

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