HDY.L Regulatory News (HDY)

31 May 2007 10:49

Hardy Oil & Gas plc31 May 2007 For immediate Release 31 May 2007 TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existingshares to which voting rights are attached: Hardy Oil and Gas plc 2. Reason for the notification (please state Yes/No): An acquisition or disposal of voting rights 3. Full name of person(s) subject to the notification obligation: AEGON UK Group of Companies 4. Full name of shareholder(s) (if different from 3): N/A 5. Date of the transaction (and date on which the threshold iscrossed or reached if different) : 25/05/2007 6. Date on which issuer notified: 30/05/2007 7. Threshold(s) that is/are crossed or reached: 3 - 5 % 8. Notified details: A: Voting rights attached to shares Class/type of shares Situation previous to the Triggering transaction Number of shares Number of voting RightsGB00B09MB366 2,175,425 2,175,425 Resulting situation after the triggering transactionClass/type of Number of Number of voting % of votingshares shares rights rights Direct Direct Indirect Direct IndirectGB00B09MB366 2,311,331 2,311,331 336,994 3.71% 0.54% B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise / Number of voting rights that may % offinancial Date Conversion be acquired if the instrument is votinginstrument Period / exercised/ converted. rights DatePlacing ofShares 04/06/07 04/06/07 945,626 1.52 Total (A+B) Number of voting rights % of voting rights 3,593,951 5.77% 9. Chain of controlled undertakings through which the voting rightsand/or the financial instruments are effectively held, if applicable AEGON UK Group of companies - parent undertaking of:AEGON Asset management UK plcAEGON Investment Management UK ltd.AEGON ICVC Proxy Voting: 10. Name of the proxy holder: AEGON UK Group of Companies 11. Number of voting rights proxy holder will cease to hold: N/A 12. Date on which proxy holder will cease to hold voting rights: N/A 13. Additional information: AEGON UK Group of Companies consists of:AEGON Asset management UK plcAEGON Investment Management UK ltd.AEGON ICVC 14. Contact name: Miranda Beacham 15. Contact telephone number: 01 31 549 3460 This information is provided by RNS The company news service from the London Stock Exchange