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Notification of Shareholding

17th Dec 2012 11:00

NORTHERN PETROLEUM PLC - Notification of Shareholding

NORTHERN PETROLEUM PLC - Notification of Shareholding

PR Newswire

London, December 17

17 December 2012 Northern Petroleum Plc ("Northern" or "the Company") Notification of Shareholding

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

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

Northern Petroleum Plc

2. Reason for the notification (please place an X inside the appropriatebracket/s):

An acquisition or disposal of voting rights: ( X )

An acquisition or disposal of financial instruments which may result in theacquisition of shares already issued to which voting rights are attached: ( )

An acquisition or disposal of instruments with similar economic effect toqualifying 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:

BlackRock, Inc.

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

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

13/12/2012

6. Date on which issuer notified:

14/12/2012

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

Holding has gone below 5% 8. Notified details:……………..

A: Voting rights attached to shares

Class/type of shares if possible Situation previous to the using the ISIN CODE Triggering transaction Number of Number of voting shares Rights GB00B0D47T64 8,844,559 8,844,559

Resulting situation after the triggering transaction

Class/type of shares if possible using Number of Number of voting % of voting the ISIN CODE shares rights rights Direct Direct Indirect Direct Indirect GB00B0D47T64 N/A N/A N/A N/A Below 5%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of Expiration Exercise/ Number of voting rights that may be % of financial Date Conversion acquired if the instrument is voting instrument Period/ Date exercised/ converted rights

C: Financial Instruments with similar economic effect to Qualifying FinancialInstruments

Resulting situation after the triggering transaction

Type of Exercise Expiration Exercise/ Number of voting rights % of voting financial price date Conversion instrument refers to rights instrument period Nominal Delta Total (A+B+C)Number of voting % of voting rights rights N/A Below 5%

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

BlackRock Investment Management (UK) Limited - N/A (Below 5%)

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:

BlackRock Regulatory Threshold Reporting Team

14. Contact name:Wayne Powell

15. Contact telephone number:

020 7743 2216 ---ENDS---

For further information please contact:

Northern Petroleum Plc Tel: +44 (0) 20 7469 2900

Nick Morgan, Finance Director Notes to Editors:

Northern is a full cycle oil and gas company currently holding over 40 licencesin a number of low risk areas and is continuing with its strategy of adding andsecuring value for shareholders as it engages with projects at all stages ofthe E&P value chain.

Comprehensive information on Northern and its oil and gas operations, includingall press releases, annual reports and interim reports are available fromNorthern's website: www.northpet.com


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