Holding(s) in Company

Borders & Southern Petroleum plc 15 April 2008 For immediate release, 15 April 2008 Borders and Southern Petroleum plc 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: Borders and Southern Petroleum plc 2. Reason for the notification An acquisition or disposal of voting rights: ( X ) 3. Full name of person(s) subject to notification obligation: Morgan Stanley (Institutional Securities Group and Global Wealth Management) 4. Full name of shareholder(s) (if different from 3) : 5. Date of transaction 10 April 2008 6. Date on which issuer notified: 14 April 2008 7. Threshold(s) that is/are crossed or reached: 3% 8. Notified Details: A: Voting rights attached to shares Class/type of shares if possible Situation previous to the use ISIN CODE triggering transaction -------------------------------------------------------------------------- Number of Number of voting shares rights -------------------------------------------------------------------------- Ordinary Shares 5,849,565 5,849,565 Resulting situation after the triggering transaction ----------------------------------------------------------------------------------------- Class/type of shares if possible Number of Number of voting % of voting use ISIN CODE shares rights rights ----------------------------------------------------------------------------------------- Direct Indirect Direct Indirect ----------------------------------------------------------------------------------------- Below 3% Below 3% Below 3% B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration date Exercise/conversion No. of voting rights % of voting financial period/date that may be acquired rights instrument (if the instrument exercised/ converted) Total (A+B) Number of voting % of voting rights rights 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable : n/a Proxy Voting: 10. Name of proxy holder: n/a 11. Number of voting rights proxy holder will cease to hold: n/a 12. Date on which proxy holder will cease to hold voting rights: n/a 13. Additional information: n/a 14. Contact name: Michelle Hewitt 15. Contact telephone number: 020 7425 8677 This information is provided by RNS The company news service from the London Stock Exchange
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