Notification of Interests

TR-1: Notifications of Major Interests in Shares

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

Salamander Energy Plc

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached 

No

An event changing the breakdown of voting rights

No

Other (please specify): Change in the percentage of voting rights held arising from a change in the issuers total voting rights

Yes

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

3i Group plc (direct)

3i Investments (indirect)

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

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

11 August 2008

6. Date on which issuer notified:

12 August 2008

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

5%, 4%, 3%, 2%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use 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

Percentage of voting rights

Direct

Indirect

Direct

Indirect

Ordinary shares

GB00B1GC5238

6,096,429

6,096,429

1,634,429

SEE SECTION 9 BELOW

1,634,429

SEE SECTION 9 BELOW

1.07%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

Total (A+B)

Number of voting rights

Percentage of voting rights

1,634,429

1.07%

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

3i Group plc has a direct beneficial interest in the voting rights of 874,600 ordinary shares of 10p each as detailed in the table below (this represents 0.57% of the total voting rights).

3i Investments plc (whose ultimate parent undertaking is 3i Group plc), has an indirect interest in all the voting rights of the 1,634,429 ordinary shares of 10p each detailed below, in its capacity as the discretionary investment manager of 3i Group plc, 3i UK Private Equity 2004-06 LP, 3i Asia Pacific 2004-06 LP and 3i Pan European Growth Capital 2005-06 LP:

3i Holdings plc and 3i plc are both wholly owned subsidiary undertakings of 3i Group plc and parent undertakings of 3i Investments plc. 

Proxy Voting:

10. Name of 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:

Notification made as a result of both a disposal of shares and an increase in the Total Voting Rights of Salamander Energy plc to 152,781,255 on 11 August 2008, as announced on 8 August 2008.

14 Contact name:

Martin Smith

Group Company Secretary

15. Contact telephone name:

020 7960 1580