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D1 Oils Plc (NEOS)

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Wednesday 05 July, 2006

D1 Oils Plc

Statement re. Press Comment

D1 Oils Plc
05 July 2006


D1 Oils plc
5 July 2006


                      D1 Oils plc ('D1' or the 'Company')
            Statement re share price movement and press speculation

The Board of D1 notes the recent share price movement and press speculation and
confirms that it has been in very preliminary discussions with a number of
parties which may or may not lead to an acquisition of a substantial
shareholding in the Company and/or an offer for the entire issued share capital
of the Company. All discussions are at a very preliminary stage and there can be
no certainty that any offers will be made nor as to the terms on which any
offers might be made.


A further announcement will be made when appropriate.


Enquiries:

D1 Oils plc                                           Tel: 01642-755585
Graham Prince, Director Communications             Mobile: 07973-323840


Brunswick
Mark Antelme                                         Tel: 020 7404-5959



Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the
'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in
1% or more of any class of 'relevant securities' of D1 Oils plc, all 'dealings'
in any 'relevant securities' of that company (including by means of an option in
respect of, or a derivative referenced to, any such 'relevant securities') must
be publicly disclosed by no later than 3.30 pm (London time) on the London
business day following the date of the relevant transaction. This requirement
will continue until the date on which the offer becomes, or is declared,
unconditional as to acceptances, lapses or is otherwise withdrawn or on which
the 'offer period' otherwise ends. If two or more persons act together pursuant
to an agreement or understanding, whether formal or informal, to acquire an
'interest' in 'relevant securities' of D1 Oils plc, they will be deemed to be a
single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant
securities' of D1 Oils plc by D1 Oils plc, or by any of their respective
'associates', must be disclosed by no later than 12.00 noon (London time) on the
London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose 'relevant
securities' 'dealings' should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.

'Interests in securities' arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an 'interest' by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to disclose a 'dealing' under Rule 8, you should consult the Panel.




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