Holding in Company

14 Feb 2005 14:59

Island Oil and Gas PLC14 February 2005 Island Oil and Gas plc Holding in Company Island Oil and Gas plc ("Island" or the "Company") has today receivednotification dated 10 February 2005 from Gartmore Investment Management plc of a further increase in its holding in the Company. The notification states that, following a purchase of 430,000 ordinary shares in the Company at a price of £0.5423p on 8 February 2005, Gartmore Investment Management plc now holds, in aggregate, 2,652,567 ordinary shares of €0.01 each in the Company, representing approximately 6.12 per cent of the issued ordinary share capital. 14 February, 2005 Enquiries: Lisa J NewmanNewman ConsultingTel: +44 (0)1252 878682 This information is provided by RNS The company news service from the London Stock Exchange