Holding(s) in Company

Petrofac Limited
11 May 2007



TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

Petrofac Limited


2. Reason for the notification (please place an X inside the appropriate bracket
/s):


An acquisition or disposal of voting rights: ( X )


An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: ( )


An event changing the breakdown of voting rights: ( )


Other (please specify) : ( )

.................


3. Full name of person(s) subject to the notification obligation:

Rodney Chase, Chairman of Petrofac Limited


4. Full name of shareholder(s) (if different from 3.) :

269 proxy votes from shareholders


5. Date of the transaction (and date on which the threshold is crossed or
reached if different):

9 May 2007


6. Date on which issuer notified:

10 May 2007


7. Threshold(s) that is/are crossed or reached:

Between 67.1% and 71.8%


8. Notified details:

.................


A: Voting rights attached to shares

Class/type of shares if possible         Situation previous to the
using the ISIN CODE                       Triggering transaction
                                     Number of     Number of voting
                                     shares        Rights

GB00B0H2K534                         Below 3%

Resulting situation after the triggering transaction

Class/type of shares Number of shares  Number of voting rights    % of voting rights
if possible using
the ISIN CODE
                     Direct            Direct     Indirect        Direct    Indirect

GB00B0H2K534         Between                      Between                   Between
                     231,748,849 and              231,748,849 and           67.1% and
                     247,967,643                  247,967,643               71.8%
                     shares depending             voting rights             depending
                     on the resolution            depending on              on the
                     being considered             the resolution            resolution
                                                  being                     being
                                                  considered                considered


B: Financial Instruments

Resulting situation after the triggering transaction

Type of     Expiration Date  Exercise/Conversion Number of voting     % of voting
financial                    Period/ Date        rights that may be   rights
instrument                                       acquired if the
                                                 instrument is
                                                 exercised/
                                                 converted.



Total (A+B)
Number of voting       % of voting
rights                 rights

Between 231,748,849    Between 67.1% and
and 247,967,643 shares 71.8% depending
depending on the       on the resolution
resolution being       being considered
considered


9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable :

.................


Proxy Voting:


10. Name of the proxy holder:

Rodney Chase, Chairman of Petrofac Limited


11. Number of voting rights proxy holder will cease to hold:

Between 231,748,849 and 247,967,643


12. Date on which proxy holder will cease to hold voting rights:

11 May 2007


13. Additional information:

This notification relates to voting rights held by Rodney Chase, Chairman of
Petrofac Limited, pursuant to proxy votes cast by shareholders in relation to
the fourteen resolutions considered at Petrofac Limited's Annual General
Meeting. The voting rights lapse immediately upon the conclusion of the meeting
and voting rights return to all shareholders.


14. Contact name:

Mary Hitchon


15. Contact telephone number:

[phone]



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