Holding(s) in Company

30 Oct 2006 10:45

Cardinal Resources plc30 October 2006 HOLDINGS IN COMPANY LONDON - Monday, 30th October 2006 Cardinal Resources plc (AIM:CDL) ("Cardinal" or "the Company"), an independentoil and gas production and exploration company operating in Ukraine, wasnotified on 27th October 2006 that QVT Fund LP have increased their shareholdingby 900,000 Cardinal Ordinary Shares (0.78%) to 18,545,000 Cardinal OrdinaryShares which enlarged shareholding represents 16.18% of the issued OrdinaryShare capital of the Company. ### For further information please contact: Cardinal Resources Parkgreen Communications Charles Green / Franziska Stahlknecht Justine Howarth / Victoria Thomas +44 (0) 20 7936 5250 +44 (0) 20 7493 3713 investor.relations@cardinal-uk.com victoria.thomas@parkgreenmedia.com Notes to Editor Cardinal Resources plc Cardinal Resources plc is an independent oil and gas production and explorationcompany with assets in Ukraine. Cardinal is an experienced operator in thecountry focused on expanding its existing operations through the farm-in oracquisition of additional upstream oil and gas assets that can be furtherdeveloped through the application of modern technology and expertise. This information is provided by RNS The company news service from the London Stock Exchange