Major Interests in Shares

31 May 2007 16:45

Hardy Oil & Gas plc31 May 2007 Hardy Oil and 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 existing shares to whichvoting 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: Lloyds TSB Group Plc 4. Full name of shareholder(s) (if different from 3): N/A 5. Date of the transaction (and date on which the threshold is crossed orreached if different) : 30/05/2007 6. Date on which issuer notified: 31/05/2007 7. Threshold(s) that is/are crossed or reached: 7 % 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 RightsB09MB36 3,816,258 3,816,258ORD USD 0.01 Resulting situation after the triggering transactionClass/type of Number of Number of voting % of votingshares shares rights rightsB09MB36 Direct Direct Indirect Direct IndirectORD USD 0.01 4,052,708 4,052,708 0 7.079 0 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 Date Total (A+B) Number of voting rights % of voting rights4,052,708 7.079 9. Chain of controlled undertakings through which the voting rightsand/or the financial instruments are effectively held, if applicable 4,052,708 Shares are controlled by Scottish Widows Investment Partnership Ltd,part of Scottish Widows Plc, a wholly owned subsidiary of Lloyds TSB Group Plc. Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: 14. Contact name: Philip Mason 15. Contact telephone number: +44 (0) 1444 418127 This information is provided by RNS The company news service from the London Stock Exchange