Holding(s) in Company

Borders & Southern Petroleum plc
24 May 2005

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of company


Borders & Southern Petroleum Plc



2. Name of shareholder having a major interest


Artemis Investment Management Limited



3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18


Artemis UK Smaller Companies



4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them


Artemis UK Smaller Companies



5. Number of shares / amount of stock acquired


12,500,000 ordinary shares



6. Percentage of issued class


9.78%



7. Number of shares / amount of stock disposed






8. Percentage of issued class






9. Class of security


Ordinary Shares



10. Date of transaction


19 May 2005



11. Date company informed


19 May 2005



12. Total holding following this notification


12,500,000 ordinary shares



13. Total percentage holding of issued class following this notification


9.78%



14. Any additional information






15. Name of contact and telephone number for queries


Stephen Goschalk, Insinger de Beaufort 020 7190 7000



16. Name and signature of authorised company official responsible for making
this notification


Will Slack, 7786 4375



Date of notification


24 May 2005






                      This information is provided by RNS
            The company news service from the London Stock Exchange