30 Apr 2007 07:00
Embargoed for release: 0700 on 30 April 2007
Northern Petroleum Plc ("Northern" or "the Company") Notification of Shareholding
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:
Northern Petroleum Plc
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:
Deutsche Bank AG
4. Full name of shareholder(s) (if different from 3.):
Deutsche Bank AG and its subsidiary companies
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
25/04/07
6. Date on which issuer notified:
26/04/07
7. Threshold(s) that is/are crossed or reached:
4%8. Notified details:¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦..
A: Voting rights attached to shares
Class/type of shares if Situation previous to the Triggering transaction possible using the ISIN CODE Number of shares Number of voting Rights GB00B0D47T64 3,170,654 3,170,654
Resulting situation after the triggering transaction
Class/type of Number of shares Number of voting rights % of voting rightsshares if possible using the ISIN CODE Direct Direct Indirect Direct Indirect GB00B0D47T64 2,776,654 0 2,776,654 0.00 3.95
B: Financial Instruments
Resulting situation after the triggering transaction
Type of Expiration Date Exercise/ Number of voting % of voting financial Conversion Period rights that may be rights instrument / Date acquired if the instrument is exercised/ converted. Total (A+B)Number of voting % of voting rights rights 3.95 2,776,654
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable :
Deutsche Bank AG and its subsidiary companies
Proxy Voting:10. Name of the proxy holder:¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦..
11. Number of voting rights proxy holder will cease to hold:
¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦..
12. Date on which proxy holder will cease to hold voting rights:
¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦..
13. Additional information:
¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦..
14. Contact name:
Chris Foss, Finance Director
15. Contact telephone number:
020 7743 6080 ---ENDS--- Notes to Editors:
Northern Petroleum Plc is an AIM listed oil and gas production, development and exploration company with core interests under its management in The Netherlands, Italy and the United Kingdom.
Northern is currently embarked upon a programme to place two oil fields and four gas fields into production with works on the first two, Ottoland and Brakel starting in March and April 2007.
The Company has recently acquired the management interests in the producing Waalwijk gas field where it intends to implement plans to increase late phase gas, production and move to develop a 30 Bcf underground gas storage facility alongside Star Energy and Essent. The NPN deal with Dyas is the second gas production acquisition in 2007 to date.
Northern's Netherland partner list is impressive.
The Company has the second largest exploration position in Italy of licences under management where activities can be expected to pick-up as the result of the extra funds now available. In addition the Company has announced plans to drill a projected eastward extension of the producing Horndean oil field in West Sussex and another exploration well in the county.
Further information on Northern is available at www.northpet.com.
NORTHERN PETROLEUM PLC