Circle Oil Plc : - Holding(s) in Company

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi

This notification is made as, following a recent internal crossing of shares, the interest held by The Breithorn Master Fund (a non-beneficial fund under the discretionary management of Matterhorn Investment Management LLP) has increased and crossed the 4% threshold.  The Breithorn Master Fund now accounts for 23,111,585 shares representing 4.10%.  Please note that these shares are included in the total number of shares held by the non-beneficial discretionary managed funds managed by Matterhorn Investment Management LLP.  

10. Name of the proxy holder:

N/A

11.
to hold:

N/A

12. Date on which proxy holder will cease to hold
voting rights:

N/A

13. Additional information:

N/A

14. Contact name:

Ewan Christian

15. Contact telephone number:

[phone]