Holding(s) in Company

Petroneft Resources PLC

3 May 2011



PetroNeft Resources plc ('PetroNeft' or 'the Company')

Holding(s) in Company

PetroNeft was notified on 3 May 2011 by J.P. Morgan Securities Limited that JPMorgan Chase & Co., and its controlled undertakings, have an aggregate interest in 37,687,500 ordinary shares of €0.10 each representing 9.06%* of the issued share capital of PetroNeft Resources Plc.

\* This percentage shareholding is based on a shares in issue figure of 416,098,432 ordinary shares.

Contacts

Paul Dowling, CFO, PetroNeft Resources plc

+353 1 6470280

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