ATI Oil Plc
LSE : ATIP

June 13, 2008 12:00 ET

Director Shareholdings - Extension of Warrants

                                                                                          13 June 2008
                                                                                                      
                                                                       ISIN: GB00B04BP253/GBP/PLUS-exn
                                                   
                                              ATI Oil Plc
                                             Martin House
                                             5 Martin Lane
                                                London
                                               EC4R 0DP
                                                   
                                       Tel: +44 (0)20 7469 2940
                                       Fax: +44 (0)20 7469 2901
                                        Email: info@ati-oil.com
                                       Website: www.ati-oil.com


                                              ATI Oil Plc
                                        ("ATI" or "the Company")
                           Directors' Shareholdings - Extension of Warrants
ATI  announces that the warrants due to lapse on 30 April 2010, held by Directors and employees of the
Company, have all had their terms extended. The Remuneration Committee, and subsequently the Board  of
Directors of ATI, has resolved to extend the exercise period of the below warrants by three years. The
Company's  Corporate Adviser has also been consulted on this matter. The Company received notification
on 13 June 2008 from employee warrant holders agreeing to the variation.

The warrants held by Directors and employees which are subject to this extension are:


Name                                 Number of Warrants over               Exercise Price
                                      Ordinary 0.25p Shares                       
                                                                                  
C.J Foss                                       250,000                           10p
                                                                                  
I.D Livingstone                                450,000                           10p
                                                                                  
D.R Musgrove                                   250,000                           10p
                                                                                  
Employees                                      250,000                           10p
                                                   

As  a  result of the three year extension, the warrants exercisable at 10p will now expire on 30 April
2013.
                                                   
                                                   
                                                   
               The Directors of the Issuer accept responsibility for this announcement.
                                                   
                                                -Ends-
                                                   
Contact Details:

ATI Oil Plc
Derek Musgrove, Chairman
Chris Foss, Finance Director
Tel: 020 7469 2940

St.Helen's Capital Plc
Barry Hocken/Duncan Vasey
Tel: 020 7628 5582

Hansard Communications
Chris Roberts/Kirsty Corcoran
Tel: 020 7245 1100

For further information on ATI's Italian assets please see our web site, www.ati-oil.com.

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