17 Nov 2011 07:00
Embargoed for release: 0700 on 17 November 2011
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:
BlackRock, Inc
4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
15/11/2011
6. Date on which issuer notified:
16/11/2011
7. Threshold(s) that is/are crossed or reached:
Holding has gone above 10% 8. Notified details:……………..
A: Voting rights attached to shares
Class/type of shares if possible Situation previous to the using the ISIN CODE Triggering transaction Number of Number of voting shares Rights GB00B0D47T64 4,233,490 4,233,490
Resulting situation after the triggering transaction
Class/type of shares if possible using Number of Number of voting % of voting the ISIN CODE shares rights rights Direct Direct Indirect Direct Indirect GB00B0D47T64 N/A N/A 8,683,640 N/A 9.29
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of Expiration Exercise/ Number of voting rights that may be % of financial Date Conversion acquired if the instrument is voting instrument Period/ Date exercised/ converted. rights
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 rights % of voting financial price date Conversion instrument refers to rights instrument period Nominal DeltaCFD 1,244,620 1.33% 1.33% Total (A+B+C)Number of voting % of voting rights rights 9,928,260 10.62
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
BlackRockInvestment Management (UK) Limited - 9,928,260 (10.62%)
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:…………….. 14. Contact name:
Chris Foss, Director of Finance, Legal & Corporate Affairs
15. Contact telephone number:020 7469 2900 ---ENDS--- Notes to Editors:
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 at www.northpet.com.
XLON