Non-Executive Director Appointment

Wednesday, 7 April 2010

D1 OILS PLC: Non-Executive Director Appointment

D1 Oils plc ("D1" or "the Company") is pleased to announce the appointment of Nicholas Ward as a Non-Executive Director, with immediate effect.

Nicholas Ward has wide-ranging business experience including board level positions in a number of listed (on AIM and elsewhere) and private equity held companies. He has a particular expertise in helping businesses to restructure and to optimise their performance and value. He is 68, and a Fellow of the Institute of Chartered Accountants in England and Wales and a Fellow of the Society of Turnaround Professionals.

From 1998-2007, Nicholas was chairman of ADAS Holdings ltd, the agricultural & environmental research & consultancy business that was formerly part of DEFRA.

Barclay Forrest, Chairman of the Company, commented: "We are delighted to welcome Nicholas to the board. He brings with him a huge range of experience, which should prove invaluable as we continue to develop the future of the business".

In accordance with schedule 2(g) of the AIM Rules, the following information is provided:

(Charles John) Nicholas Ward aged 68 is currently a director of 77/78 Warwick Square Management Company Ltd and 77/78 Warwick Square Management Freehold Company Ltd.

Over the past five years he has been a director of Directex Realisations plc formerly Interactive Prospects Targeting Holdings plc), UPP Projects Ltd, The Gas Safety Trust ltd (formerly The Corgi Trust ltd), Green Coal Global Ltd, ADAS UK Ltd, ADAS Environment Ltd, ADAS Research & Development Ltd, ADAS International Ltd, and ADAS Holdings Ltd.

Nicholas Ward was a director of Ruderal Corporation Ltd (formerly Ryan Group ltd), Ryan (UK) Ltd, Ryan International Ltd and Ruderal Developments Ltd all of which were placed into liquidation in 2004. He was also a director of Crouch Mining Ltd which went into administration in 2003 and Wallace International Limited which went into receivership in 1995.

There are no further disclosures to be made pursuant to Rule 17 and Schedule 2 - paragraph (g) of the AIM Rules for companies in relation to Nicholas Ward.

Ends

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Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the "Code"), if any person is, or becomes, "interested" (directly or indirectly) in 1% or more of any class of "relevant securities" of D1 Oils, all "dealings" in any " relevant securities" of D1 Oils (including by means of an option in respect of, or a derivative referenced to, any such "relevant securities") must be publicly disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer period" otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an "interest" in "relevant securities" of D1 Oils, they will be deemed to be a single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant securities" of D1 Oils by D1 Oils or by any of its "associates", must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at www.thetakeoverpanel.org.uk.

"Interests in securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a "dealing" under Rule 8, you should consult the Panel.