Holding(s) in Company

Cardinal Resources plc
24 October 2005


HOLDINGS IN COMPANY

LONDON - Monday, 24th October 2005

Cardinal Resources plc (AIM:CDL), an independent oil and gas exploration and
production company, was today notified that, following a sale of stock, IKB
Investments Limited no longer has a disclosable interest in the issued Ordinary
Share capital of the Company.

Cardinal Resources plc
Cardinal Resources plc is an independent oil and gas exploration and production
company with assets in Ukraine. Cardinal is an experienced operator in the
country focused on expanding its existing operations through the farm-in or
acquisition of additional upstream oil and gas assets that can be further
developed through the application of modern technology and expertise.

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Contact
Kate Spiro
Director, Investor Relations
[e-mail]
[phone]




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