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Northern Petroleum Plc

Northern Petroleum Plc is an EU oil company that acquires low entry cost exploration, production and development assets and is committed to adding high value to shareholders from production and asset sales.

Notification of Shareholding

12.09.06

The Board of Northern Petroleum Plc received notification on 8 September from Credit Suisse Securities (Europe) Limited (“CSSEL”) that, as a result of the disposal of 2,478,654 ordinary shares during May, CSSEL currently has an interest in 2,503,654 ordinary shares of the Company. This represents approximately 3.59% of the issued ordinary share capital, totalling 69,799,079 ordinary shares, of the Company.

The above disposal should be noted alongside an announcement of 25 May concerning the notification by Deutsche Bank AG that it, and its subsidiary companies, had a notifiable interest in 2,615,654 ordinary shares of the Company.

For further information please contact:

Northern Petroleum Plc
Chris Foss, Finance Director
Tel: +44(0) 20 7743 6080

Hansard Communications
Chris Roberts
Ben Simons
Tel. +44(0) 20 7245 1100

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