18 Oct 2012 07:00
Embargoed for release: 0700 on 18 October 2012
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 acquisition or disposal of instruments with similar economic effect to qualifying financial instruments: ( )
An event changing the breakdown of voting rights: ( )
Other (please specify): ( )
3. Full name of person(s) subject to the notification obligation:
The Royal Bank of Scotland Group plc
4. Full name of shareholder(s) (if different from 3.):
The Royal Bank of Scotland plc
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
16/10/2012
6. Date on which issuer notified:
17/10/2012
7. Threshold(s) that is/are crossed or reached:
4%8. Notified details:.................
A: Voting rights attached to shares
Class/type of shares Situation previous to the Triggeringif possible using transactionthe ISIN CODE Number of shares Number of voting Rights GB00B0D47T64 4,637,501 4,637,501
Resulting situation after the triggering transaction
Class/type of Number of shares Number of voting rights % of voting rights shares if possible using the ISIN CODE
Direct Direct Indirect Direct Indirect GB00B0D47T64 3,796,111 3,796,111 3.98%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of Expiration Date Exercise/Conversion Number of voting % of votingfinancial Period/ Date rights that may be rightsinstrument acquired if the instrument is exercised/ converted
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of Exercise Expiration Exercise/ Number of voting % of votingfinancial price date Conversion rights instrument rightsinstrument period refers to Nominal Delta Total (A+B+C)Number of voting % of voting rightsrights 3.98%3,796,111
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
The Royal Bank of Scotland Group plc (3.98%)
The Royal Bank of Scotland plc (3.98%)
Proxy Voting:
10. Name of the proxy holder:
.................
11. Number of voting rights proxy holder will cease to hold:
.................
12. Date on which proxy holder will cease to hold voting rights:
.................
13. Additional information:
This Notification is based upon the Voting Rights figure of 95,365,660 obtained from FT Interactive Data.
14. Contact name:
Chris Foss, Director of Finance, Legal & Corporate Affairs
15. Contact telephone number:020 7469 2900 ---ENDS---Notes to Editors:
Northern is a full cycle oil and gas company currently holding over 40 licences in a number of low risk areas and is continuing with its strategy of adding and securing value for shareholders as it engages with projects at all stages of the E&P value chain.
Comprehensive information on Northern and its oil and gas operations, including all press releases, annual reports and interim reports are available from Northern's website: www.northpet.com
XLON