SOURCE: CARDINAL RESOURCES PLC

October 24, 2005 13:09 ET

Holdings in Company

LONDON -- (MARKET WIRE) -- October 24, 2005 -- Cardinal Resources plc (AIM: CDL), an independent oil and gas exploration and production company, was today notified that, following a sale of stock, IKB

Investments Limited no longer has a disclosable interest in 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.

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