The East African Oil & Energy Exploration Company plc
LSE : EAOP

December 21, 2011 04:51 ET

Notification of Major Interest in Shares

21/12/2011

                           THE EAST AFRICAN OIL & ENERGY EXPLORATION COMPANY PLC
                                     ("East African" or "the Company")
                                                     
                                 NOTIFICATION OF MAJOR INTEREST IN SHARES

On  18  March  2011  the Company issued Rivington Street Ventures Limited with Loan Notes convertible  into
75,000,000  Ordinary  Shares  of 0.8p each. On the 19 December, the Company received  notification  that  a
majority of the Loan Notes had been reassigned and exercised for 60,000,000 shares to be issued and  as  a
result, the following parties hold a disclosable interest in the Company:

Bridge  Hall  Stockbrokers Limited holds 37,595,885 Ordinary Shares representing 29.9% of  the  new  issued
share  capital  of  the Company. Peterhouse Capital Limited holds 11,500,000 Ordinary  Shares  representing
9.15%.  Finally, Woodburne Square AG Plc holds 10,904,115 Ordinary Shares representing 8.67% of the  issued
share capital in the Company.

In accordance with the FSA's Disclosure and Transparency Rules, the Board of East African confirms that the
Company now has 125,738,747 shares of 0.8p each in issue carrying voting rights.

The  above  figure may be used by shareholders as the denominator for the calculations by which  they  will
determine  if  they are required to notify their interest in, or change to their interest in  East  African
under the FSA's Disclosure and Transparency Rules.

The Directors of the issuer accept responsibility for this announcement.

ENDS

Contacts:

The East African Oil & Energy Exploration Company plc
Nick Woolard
Tel: 07624 435474

Rivington Street Corporate Finance
Heena Karani
Tel: 0207 562 3393
Heena.karani@rs-cf.com

Contact Information

  • The East African Oil & Energy Exploration Company plc