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                                             
                                                                                        
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                                        
                                                                                        
                        Cadogan Petroleum plc has been advised by Credit Agricole       
                        that the TR1 issued to it on 6 December 2011was an error,       
Other (please specify): and that the shares were held on behalf of clients rather    Yes
                        than itself.  It is understood that this announcement           
                        rectifies this situation rather than reflects an acquisition    
                        or disposal of voting rights.                                   
                                                                                        
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                                               02/01/12
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                               03/01/12
                                                                                        
7. Threshold(s) that is/are crossed or                                      Less than 3%
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  voting rights x          
if possible  of         of         of shares     of                                     
using        Shares     Voting                   voting                                 
the ISIN                Rights                   rights                                 
CODE                                                                                    
                                   Direct        Direct  Indirect Direct       Indirect 
                                                 xi      xii                            
                                                                                        
GB00B12WC938                                     Less                                   
             12,802,600 12,802,600 Less than 3%  than 3%          Less than 3%          
                                                                                        
                                                                                        
                                                                                        
                                                                                        
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                    
                                                                                        
Less than 3%                             Less than 3%                                   
                                                                                        


 

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:                                                            Stefan Bort
                                                                                        
15. Contact telephone number:                                              0207 487 8301