Holding(s) in Company

For filings with the FSA include the annex                                               
                                                                                         
For filings with issuer exclude the annex                                                
                                                                                         
                                                                                         
                                                                                         
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                          
                                                                                         
                                                                                         
                                                                                         
1. Identity of the issuer or the underlying issuer                      Cadogan Petroleum
of existing shares to which voting rights are                                         Plc
attached:ii                                                                              
                                                                                         
2 Reason for the notification (please tick the appropriate box or boxes):                
                                                                                         
An acquisition or disposal of voting rights                                           Yes
                                                                                         
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                                                         
                                                                                         
An event changing the breakdown of voting rights                                         
                                                                                         
Other (please specify):                                                                  
                                                                                         
3. Full name of person(s) subject to the                               CreditAgricole CIB
notification obligation:iii                                                              
                                                                                         
4. Full name of shareholder(s)                                                           
 (if different from 3.):iv                                                               
                                                                                         
5. Date of the transaction and date on                                                   
which the threshold is crossed or                                                23/11/11
reached: v                                                                               
                                                                                         
6. Date on which issuer notified:                                                25/11/11
                                                                                         
7. Threshold(s) that is/are crossed or                                                 5%
reached: vi, vii                                                                         
                                                                                         


 

8. Notified details:                                                                    
                                                                                        
A: Voting rights attached to shares viii, ix                                            
                                                                                        
Class/type   Situation previous     Resulting situation after the triggering transaction
of           to the triggering                                                          
shares       transaction                                                                
                                                                                        
             Number      Number     Number       Number of    % of  voting rights x     
if possible  of          of         of shares    voting                                 
using        Shares      Voting                  rights                                 
the ISIN                 Rights                                                         
CODE                                Direct       Direct xi    Indirect Direct Indirect  
                                                              xii                       
                                                                                        
GB00B12WC938                                                                            
             Less than   Less than  12,802,600   12,802,600            5.54%            
             5%          5%                                                             
                                                                                        
                                                                                        
                                                                                        
                                                                                        
B: Qualifying Financial Instruments                                                     
                                                                                        
Resulting situation after the triggering transaction                                    
                                                                                        
Type of        Expiration  Exercise/             Number of voting          % of voting  
financial      date xiii   Conversion Period xiv rights that may be        rights       
instrument                                       acquired if the                        
                                                 instrument is                          
                                                 exercised/ converted.                  
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
C: Financial Instruments with similar economic effect to Qualifying Financial           
Instruments xv, xvi                                                                     
                                                                                        
Resulting situation after the triggering transaction                                    
                                                                                        
Type of    Exercise  Expiration  Exercise/     Number of voting rights  % of voting     
financial  price     date xvii   Conversion    instrument refers to     rights xix, xx  
instrument                       period xviii                                           
                                                                                        
                                                                                        
                                                                        Nominal Delta    
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
Total (A+B+C)                                                                           
                                                                                        
Number of voting rights                   Percentage of voting rights                   
                                                                                        
12,802,600                                5.54%                                         
                                                                                        


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
SAS Rue La Boétie                                                                       
                                                                                        
Crédit Agricole SA                                                                      
                                                                                        
Calyon SA                                                                               
                                                                                        
Crédit Agricole Cheuvreux SA                                                            
                                                                                        
Crédit Agricole Cheuvreux International Limited                                         
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
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:                                                                SE Bort
                                                                                        
15. Contact telephone number:                                              0207 487 8301