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D1 Oils Plc (NEOS)

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Monday 07 April, 2008

D1 Oils Plc

Reaction to share price move

D1 Oils Plc
07 April 2008

7 April 2008

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

D1 notes the recent rise in its share price. The Board of D1 confirms that it is
in advanced discussions with its leading shareholders in relation to a potential
equity fundraising at a discount to the current share price. Any such
fundraising will be subject to shareholder approval.

A further announcement will be made as and when appropriate.


D1 Oils plc:
Graham Prince, Head of Corporate Communications

Tel:                 +44 (0)20 3043 8732 
Mobile:              +44 (0)7973 323 840

Brunswick Group:
Kevin Byram
Tel:                 +44(0)20 7404 5959

Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any 
person is, or becomes, 'interested'  (directly or indirectly) in 1% or more of 
any class of 'relevant securities' of D1, 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acceptances, lapses or is otherwise withdrawn or on which the 'offer  period'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, 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 by D1, 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

'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.

                      This information is provided by RNS
            The company news service from the London Stock Exchange