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Thursday 20 March, 2008

Karl E Watkin

Stmnt re Share Price Movement

Karl E Watkin
20 March 2008




FOR IMMEDIATE RELEASE

20 March 2008


D1 Oils Plc ('D1 Oils' or 'the Company')

Statement re: Share Price Movement


Having regard to the movement in D1 Oils' share price, Karl Watkin announces
that he is at a very preliminary stage in evaluating all options with regard to
his shareholding in the Company, including an increase or decrease in his
interest, and whether or not to make an offer for the Company.



Contact

Brian Coleman-Smith
Cubitt Consulting Limited
+44 20 7367 5100


Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the City Code, if any person is, or becomes,
'interested' (directly or indirectly) in one per cent. or more of any class of
'relevant securities' of D1 Oils, all 'dealings' in any 'relevant securities' of
D1 Oils (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or is otherwise withdrawn or on which the 'offer period' otherwise ends.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, they will be deemed to be a single person for the purpose of Rule 8.3 of
the City Code.

Under the provisions of Rule 8.1 of the City Code, all 'dealings' in 'relevant
securities' of D1 Oils by Karl Watkin or by D1 Oils or by any of their
respective 'associates' for their own account during an 'offer period', must be
disclosed by no later than 12 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 City Code, which can also be found on the Takeover Panel's
website. If you are in any doubt as to whether or not you are required to
disclose a 'dealing' under Rule 8 of the City Code, you should consult the
Takeover Panel.


END



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