Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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

Roxi Petroleum plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

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

 X

An event changing the breakdown of voting rights

Other (please specify):

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

 Arawak Energy Limited

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

 N/A

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

 29 June 2009

6. Date on which issuer notified:

 30 June 2009

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

 6%, 7%, 8%, 9%, 10%, 11%, 12%, 13%,14%

8. Notified details:

A: Voting rights attached to shares

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

Direct

Direct

Indirect

Direct

Indirect

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

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

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

 Warrant to subscribe for ordinary shares

 (a) £0.10 per ordinary share if the warrant is exercised on or before 31 March 2010; or 

(b) £0.15 per ordinary share if the warrant is exercised between 1 April 2010 and 30 September 2010 inclusive; or 

(c) £0.20 per ordinary share if the warrant is exercised between 1 October 2010 and 31 March 2011 inclusive

31/03/2011

N/A

 54,000,000 (comprising existing holding of warrants to subscribe for 18,000,000 ordinary shares and warrants to subscribe for 36,000,000 ordinary shares acquired on 29 June2009

Nominal

Delta

 14.25% (assuming all warrants held by Arawak Energy Limited are exercised. No warrants have been exercised as at the date of this notification.)

 N/A

Total (A+B+C)

Number of voting rights

Percentage of voting rights

 54,000,000 (assuming all warrants held by Arawak Energy Limited are exercised. No warrants have been exercised as at the date of this notification.)

 14.25% (assuming all warrants held by Arawak Energy Limited are exercised. No warrants have been exercised as at the date of this notification.)

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

N/A

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:

 Tanya Pang (Arawak Energy Limited)

15. Contact telephone number:

 020 7973 4285