SOURCE: Xcite Energy Limited

February 14, 2012 10:02 ET

Xcite Energy Limited announces Holdings in Company

ABERDEENSHIRE--(Marketwire - Feb 14, 2012) -


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO
WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF
SUCH JURISDICTION

                       TSX-V, LSE-AIM: XEL



14 February 2012

                       Xcite Energy Limited
                 ("Xcite Energy" or the "Company")

                       Holdings in Company

Xcite Energy received formal notification on 13 February 2012 that
Socius CG II, Ltd has decreased its holding from 26,195,671 to
21,195,671 ordinary shares in the Company. Their holding now represents
9.50% of the issued and outstanding share capital.


ENQUIRIES:                                          
Xcite Energy Limited                          +44 (0) 1483 549 063
Richard Smith             Chief Executive
                          Officer
Rupert Cole               Chief Financial
                          Officer

Oriel Securities (Joint                       +44 (0) 207 710 7600
Broker and Nomad)                                                
Emma Griffin              Partner
Simon Edwards             Partner

Morgan Stanley (Joint                         +44 (0) 207 425 8000
Broker)   
Andrew Foster             Managing Director

Pelham Bell Pottinger                         +44 (0) 207 861 3232
Mark Antelme              Director
Henry Lerwill             Account Director

Paradox Public Relations                      +1 514 341 0408
Jean-Francois Meilleur    Consultant


Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.

Oriel Securities which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting exclusively for
Xcite Energy and for no one else in connection with the subject matter
of this announcement and will not be responsible to anyone other than
Xcite Energy for providing the protections afforded to its clients or
for providing advice in connection with the subject matter of this
announcement.

Morgan Stanley which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting exclusively for Xcite
Energy and for no one else in connection with the subject matter of
this announcement and will not be responsible to anyone other than
Xcite Energy for providing the protections afforded to its clients or
for providing advice in connection with the subject matter of this
announcement.



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