SOURCE: CARDINAL RESOURCES PLC

October 19, 2005 12:46 ET

Cardinal Resources plc Holdings in Company

LONDON -- (MARKET WIRE) -- October 19, 2005 -- Cardinal Resources plc (AIM: CDL), an independent oil and gas exploration and production company, was today notified that as of 17th October 2005:

--   RAB Special Situations LP has an interest in 12,708,333 Cardinal
     Ordinary Shares, representing 13.72% of the issued Ordinary Share
     capital of the Company;

--   Millennium Global Investments Limited has an interest in 5,679,217
     Cardinal Ordinary Shares, representing 6.13% of the issued Ordinary
     Share capital of the Company;

--   IKB Investments Limited has an interest in 2,819,674 Cardinal
     Ordinary Shares, representing 3.04% of the issued Ordinary Share
     capital of the Company.
Cardinal Resources plc

Cardinal Resources plc is an independent oil and gas exploration and production company with assets in Ukraine. Cardinal is an experienced operator in the country focused on expanding its existing operations through the farm-in or acquisition of additional upstream oil and gas assets that can be further developed through the application of modern technology and expertise.

This information is provided by RNS

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