Northern Petroleum Plc
LSE : NOP

July 23, 2009 08:30 ET

Notification of Shareholding

For immediate release: 23 July 2009


                                        Northern Petroleum Plc
                                     ("Northern" or "the Company")
                                                   
                                     Notification of Shareholding


TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are
   attached:
   Northern Petroleum Plc

2. Reason for the notification (please place an X inside the appropriate bracket/s):

   An acquisition or disposal of voting rights: ( X )
   
   An acquisition or disposal of financial instruments which may result in the acquisition of shares
   already issued to which voting rights are attached: (    )
   
   An event changing the breakdown of voting rights: (    )
   
   Other (please specify): (   )
   
3. Full name of person(s) subject to the notification obligation:
   The Royal Bank of Scotland Group plc

4. Full name of shareholder(s) (if different from 3.):
   ABN AMRO Bank N.V
   
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
   22/07/09

6. Date on which issuer notified:
   23/07/09

7. Threshold(s) that is/are crossed or reached:
   7%

8. Notified details:
   .......




A: Voting rights attached to shares

Class/type of shares if possible           Situation previous to the Triggering transaction
using the ISIN CODE
                                         Number of shares               Number of voting Rights
                                                                                    
GB00B0D47T64                                 5,550,000                         5,550,000
                                                                   

Resulting situation after the triggering transaction

Class/type of shares if      Number of shares        Number of voting rights                % of voting rights
possible using the ISIN CODE                                                                    
                              Direct                  Direct              Indirect          Direct            Indirect
                                                                                                                      
GB00B0D47T64                   5,357,757              5,357,757            0                 6.79              0.00
                                                                                                                

B: Financial Instruments
Resulting situation after the triggering transaction

Type of          Expiration Date          Exercise/Conversion Period/  Number of voting rights that   % of voting rights
financial                                 Date                         may be acquired if the         
instrument                                                             instrument is exercised/       
                                                                       converted.                     
                                                                                                      
                                                                                                      

Total (A+B)
Number of voting rights        % of voting rights
                               
5,357,757                      6.79
                               

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments
are effectively held, if applicable:
   The Royal Bank of Scotland Group plc
   RFS Holdings N.V.
   ABN AMRO Holding N.V.
   ABN AMRO Bank N.V.
   
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:
   This Notification is based upon the Voting Rights figure of 78,885,326 obtained from yourselves.

14. Contact name:
    Chris Foss, Finance Director

15. Contact telephone number:
    020 7469 2900
                                                   
                                              ---ENDS---
                                                   
Notes to Editors:

Northern  Petroleum Plc ("NOP") is an AIM quoted oil and gas production, development, exploration  and
asset  trading  company focused on areas of low political risk in Europe. Quoted on the  London  Stock
Exchange  the Company obtains significant concentrated licence positions and adds value at  reasonable
risk  utilising  new  ideas together with new drilling, seismic, completion and computer  technologies
where it is believed that economic oil and gas production can be established. Efforts are concentrated
in three countries (Netherlands, Italy and England) with the risk spread over in excess of 50 projects
in  12 petroleum systems and over 103m of Proven & Probable Reserves. It operates on both onshore  and
offshore projects including a producing gas field.

Following  the  acquisition of ATI Oil Plc, Northern has recoverable Proven and Probable  reserves  of
approximately  103 million barrels of oil equivalence. It is currently producing gas at  Waalwijk  and
the offshore P12 fields.

The planned development of six onshore oil and gas fields is being progressed with Dyas B.V., EBN, the
Netherlands' state oil company, and NAM as partners.

Northern  manages the largest licensed exploration area in Italy, with over 14,000 km²,  predominantly
offshore, but includes six licences in the Po Valley oil and gas province in the north of the country.

In  the UK Northern has licences in the south of England where it has a 10% interest in the production
from the Horndean oil field and a 5% interest in the Avington oil field. It also has planning consents
to  drill  an eastward extension of the Horndean oil field and an exploration well at Havant. Northern
has a 50% interest in these ventures.

For further information on Northern visit www.northpet.com.
                                                   

Contact Information

  • Northern Petroleum Plc