PPC.L Regulatory News (PPC)

11 Feb 2008 11:30

Ambrian Partners Ltd11 February 2008 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS WITHOUT RECOGNISED INTERMEDIARY STATUS, OR WITH RI STATUS BUT NOT DEALING IN A CLIENT-SERVING CAPACITY (Rule 38.5(b) of the Takeover Code) 1. KEY INFORMATION Name of exempt principal trader Ambrian Partners Ltd Company dealt in Meridian Petroleum Plc Class of relevant security to which the ORD GBP 0.05dealings being disclosed relate (Note 1) Date of dealing 08 February 2008 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class ofrelevant security dealt in (Note 2) Long Short Number (%) Number (%) (1) Relevant securities 295,698 0.3062% (2) Derivatives (other than options) (3) Options and agreements to purchase/sell Total 295,698 0.3062% (b) Interests and short positions in relevant securities of the company,other than the class dealt in (Note 2) Class of relevant security: Long Short Number (%) Number (%) (1) Relevant securities (2) Derivatives (other than options) (3) Options and agreements to purchase/sell Total (c) Rights to subscribe (Note 2) Class of relevant security: Details 3. DEALINGS (Note 3) (a) Purchases and sales Purchase/Sale Number of securities Price per unitB 654,500 11B 45,000 10.75B 46,000 10.775S -79,982 11.125B 50,000 10.75B 21,000 10.75S -182,983 10.875S -16,898 11.4S -50,000 11.248S -50,000 11.25S -49,825 11.25S -250,000 11.25B Rebooking for 7/2 139,232 11.5S Rebooking for 7/2 -136,206 11.5 Total Sold -815,894Total Bought 955,732 (b) Derivatives transactions (other than options) Product name, Long/short (Note 5) Number of securities (Note 6) Price per unit (Note 4)e.g. CFD (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying Product name, Writing, selling, Number of securities Exercise Type, e.g. Expiry Option money purchasing, to which the option American,e.g. call option varying etc. relates (Note 6) price European etc. date paid/received per unit (Note 4) (ii) Exercising Product name, e.g. call option Number of securities Exercise price per unit (Note 4) (d) Other dealings (including new securities) (Note 3) Nature of transaction (Note 7) Details Price per unit (if applicable) (Note 4) 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relatingto the voting rights of any relevant securities under any option referred to on this form or relating to the votingrights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form isreferenced. If none, this should be stated. Is a Supplemental Form 38.5(b) attached? (Note 8) NO Date of disclosure 11 February 2008 Contact name Andrew Fountain Telephone number 0207 776 6426 Name of offeree/offeror with which connected Meridian Petroleum Plc Nature of connection (Note 9) Connected Advisor Notes The Notes on Form 38.5(b) can be viewed on the Takeover Panel's website atwww.thetakeoverpanel.org.uk This information is provided by RNS The company news service from the London Stock Exchange