Holding(s) in Company

Lansdowne Oil & Gas plc
15 March 2007



                                                                  15 March, 2007

                            LANSDOWNE OIL & GAS plc

               Notification of change in major interest in shares

Lansdowne Oil & Gas plc ('the Company'), announces that it was notified on 15
March 2007, under the Disclosure and Transparency Rules, that following a
reorganisation within its parent company, Ramco Energy plc, Ramco Hibernia
Limited ('Ramco Hibernia'), a wholly-owned subsidiary of Ramco Energy plc, is
now the holder of 17,953,308 ordinary shares of 5p each representing 86.25 per
cent. of the issued share capital and the voting rights of the Company.

These shares were previously held by Ramco Oil & Gas Limited ('ROGL')
(12,240,264 ordinary shares representing 58.8 per cent. of the share capital and
voting rights) and Ramco Eastern Europe Limited ('REEL') (5,713,044 ordinary
shares representing 27.45 per cent. of the share capital and voting rights).
Both companies are also wholly-owned subsidiaries of Ramco Energy plc. The
ultimate ownership of these shares of the Company remains unchanged by this
transaction.

ROGL and REEL are parties to a Relationship Agreement with the Company, entered
into at the time the Company joined the Alternative Investment Market ('AIM') in
April 2006.The Company's Nominated Adviser, John East & Partners Limited, has
given written consent to the transfer as required by the Relationship Agreement.

Ramco Hibernia has entered into a Deed of Variation with respect to the
Relationship Agreement ensuring that Ramco Hibernia takes on all the rights and
obligations of ROGL and REEL with effect from the date of transfer of the said
shares by ROGL and REEL to Hibernia. Under these agreements Ramco Hibernia has
undertaken that it will exercise its voting rights so as to ensure (so far as it
is able by the exercise of such rights) the continued independence of the
majority of the Board, that any transactions between persons or companies
controlled by Ramco (to the extent that there are any such transactions in the
future) will be at arms' length and that it will not vote (as shareholder or
Director) in relation to any such transaction.

In addition, Ramco Hibernia has undertaken to John East & Partners and the
Company, to accept the following obligations which ROG and REEL had undertaken
under the AIM rules. Ramco Hibernia may not to dispose of any interests in
Ordinary Shares (subject to certain limited exceptions) until 21 April 2007 and
that for a further period of 12 months it will not dispose of any such interests
without the prior written consent of John East & Partners, such consent not to
be unreasonably withheld or delayed.

ENQUIRIES:

Lansdowne Oil & Gas plc

Chris Moar, Finance Director                          01224 748 480
John East & Partners Limited
David Worlidge / Simon Clements                       020 7628 2200

www.lansdowneoilandgas.com




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