Shareholder Notification

19/05/2008

                                                                        GB00B23JN426/GBP/PLUS-exn

                     ORACLE COALFIELDS PLC ("THE COMPANY")

                           SHAREHOLDING NOTIFICATION

Oracle Coalfields Plc has been informed today that Mr Andrew Neubauer and his
family are now interested in 17,900,000 Ordinary Shares in the Company. This
holding has been reduced from 17.87% and now represents a shareholding of
16.49% of the issued share capital of the Company. The transactions made were
executed strictly in order to satisfy the PLUS Rules for Issuers in order to
maintain liquidity in the Company's shares and to ensure an orderly market.

The Directors of Oracle Coalfields Plc accept responsibility for this
announcement.

Contact Information:

Company:
Oracle Coalfields Plc                         Tel: [phone]
Ed Taylor/Shahrukh Khan

Corporate Advisor:
St Helen's Capital Plc,
Barry Hocken/Duncan Vasey                     Tel: [phone]

Oracle Coalfields plc