+--------------------------------------------------+
| TR-1: Notifications of Major Interests in Shares |
+--------------------------------------------------+



+-------------------------------------------------------------------+
| 1. Identity of the issuer or the underlying | NEW CITY ENERGY LTD |
| issuer of existing shares to which voting   |                     |
| rights are attached:                        |                     |
+-------------------------------------------------------------------+



+-------------------------------------------------------------------+
|                                                                   |
| 2. Reason for notification (yes/no)                               |
|-------------------------------------------------------------------|
|                                                               |   |
| An acquisition or disposal of voting rights                   |   |
|---------------------------------------------------------------+---|
|                                                               |   |
| An acquisition or disposal of financial instruments which may |   |
| result in the acquisition of shares already issued to which   |   |
| voting rights are attached                                    |   |
|---------------------------------------------------------------+---|
|                                                               |   |
| An event changing the breakdown of voting rights              |   |
|---------------------------------------------------------------+---|
|                                                               |   |
| Other (please specify):____________                           |   |
+-------------------------------------------------------------------+



+-------------------------------------------------------------------+
| 3. Full name of person(s) subject to      | RATHBONE BROTHERS PLC |
| notification obligation:                  |                       |
|-------------------------------------------+-----------------------|
|                                           | RATHBONE BROTHERS PLC |
| 4. Full name of shareholder(s) (if        |  Rathbone Investment  |
| different from 3):                        |    Management Ltd     |
|                                           |  Rathbone investment  |
|                                           | Management (Intl) Ltd |
|-------------------------------------------+-----------------------|
|                                           |                       |
| 5. Date of transaction (and date on which |          N/A          |
| the threshold is crossed or reached if    |                       |
| different):                               |                       |
|-------------------------------------------+-----------------------|
|                                           |  06th November 2009   |
| 6. Date on which issuer notified:         |                       |
|-------------------------------------------+-----------------------|
|                                           |                       |
| 7. Threshold(s) that is/are crossed or    |                       |
| reached:                                  |          13%          |
+-------------------------------------------------------------------+




+-----------------------------------------------------------------------------------+
|8: Notified Details      N/A                                                       |
|-----------------------------------------------------------------------------------|
|A: Voting rights attached to shares                                                |
|                                                                                   |
|-----------------------------------------------------------------------------------|
|Class/type of|Situation previous to the   |Resulting situation after the triggering|
|shares       |triggering transaction      |transaction                             |
|If possible  |----------------------------+----------------------------------------|
|use ISIN code|Number of|Number of voting  |Number |Number of voting|Percentage of  |
|             |shares   |rights            |of     |rights          |voting rights  |
|             |         |                  |shares |----------------+---------------|
|             |         |                  |       |       |        |      |        |
|             |         |                  |       |Direct |Indirect|Direct|Indirect|
|-------------+---------+------------------+-------+-------+--------+------+--------|
|NPV Shares   | 6091950 |     6091950      |  N/A  |  N/A  |5815550 |      | 10.93% |
|             |         |                  |       |       |        |      |        |
|JE00B2B0SY27 |         |                  |       |       |        |      |        |
+-----------------------------------------------------------------------------------+





+-----------------------------------------------------------------------------+
|B: Qualifying Financial Instruments                                          |
|                                                                             |
|-----------------------------------------------------------------------------|
|Resulting situation after the triggering transaction                         |
|                                                                             |
|-----------------------------------------------------------------------------|
|Type of     |Expiration|Exercise/  |No. of voting rights that may |Percentage|
|financial   |date      |conversion |be acquired (if the instrument|of voting |
|instrument  |          |period/date|exercised/converted)          |rights    |
|------------+----------+-----------+------------------------------+----------|
|Subscription|   N/A    |    N/A    |           1585350            |  2.98%   |
|Shares      |          |           |                              |          |
+-----------------------------------------------------------------------------+




+-------------------------------------------------------+
| Total (A+B)                                           |
|                                                       |
|-------------------------------------------------------|
| Number of voting rights | Percentage of voting rights |
|-------------------------+-----------------------------|
| 7,400,900               | 13.91%                      |
+-------------------------------------------------------+





+-------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting      |
| rights and /or the financial instruments are effectively held, if |
| applicable:                                                       |
|-------------------------------------------------------------------|
| RATHBONE BROTHERS PLC*                                            |
|                                                                   |
| Rathbone Investment Management Limited                            |
|                       11.74%                                      |
| Rathbone Investment Management (International) Limited    2.17%   |
|                                                                   |
|                                                                   |
|   * Rathbone Brothers plc is the holding company of the           |
|     following.                                                    |
+-------------------------------------------------------------------+



+-------------------------------------------------------------------+
| Proxy Voting:                                                     |
|                                                                   |
|-------------------------------------------------------------------|
| 10. Name of proxy holder:                                     |   |
|                                                               |   |
|---------------------------------------------------------------+---|
| 11. Number of voting rights proxy holder will cease to hold:  |   |
|                                                               |   |
|---------------------------------------------------------------+---|
| 12. Date on which proxy holder will cease to hold voting      |   |
| rights:                                                       |   |
|                                                               |   |
+-------------------------------------------------------------------+



+-------------------------------------------------------------------+
| 13. Additional        |  Percentage of holding of ordinary shares |
| information:          | is based on denominator 53,196,173 and    |
|                       | subscription shares is 53,196,173         |
|-----------------------+-------------------------------------------|
| 14 Contact name:      |           COMPLIANCE DEPARTMENT           |
|                       |                                           |
|-----------------------+-------------------------------------------|
| 15. Contact telephone |               020 7399 0000               |
| name:                 |                                           |
|                       |                                           |
+-------------------------------------------------------------------+

---END OF MESSAGE---


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