The Company has been informed today that Richard Latham, Chairman of Northern, has this morning transferred 42,160 ordinary shares of the Company from his personal holdings to his SIPP at a price of 95p per share, being the mid market price at start of business today. This transfer does not alter Mr Latham’s total beneficial shareholding of 962,477 ordinary shares, which represents 1.05 per cent of the issued share capital of the Company.

In addition the Company has been advised today that Chris Foss, Director of Legal & Corporate Affairs, this afternoon transferred 43,440 ordinary shares from his personal holdings to his SIPP at a price of 95p per share, being the mid market price at start of business today. Following this transaction Mr Foss’ beneficial shareholding remains at 102,052 ordinary shares, which represents 0.11 per cent of the issued share capital of the Company.

Following these transactions, the Directors’ total beneficial shareholdings remain at 2,901,635 ordinary shares, which represents 3.16 per cent of the enlarged issued share capital of the Company.

For further information please contact:

Northern Petroleum Plc
Tel: +44 (0) 20 7469 2900
Richard Latham, Chairman
Chris Foss, Director of Legal & Corporate Affairs
Sophie Hull, Head of Corporate Communications

Cenkos Securities (NOMAD and Joint Broker)
Jon Fitzpatrick, Tel: +44 (0) 20 7397 8900

Jefferies International (Joint Broker)
Tel: +44 (0) 20 7029 8000
Chris Snoxall

Financial Dynamics
Billy Clegg / Edward Westropp
Tel: +44 (0) 20 7318 3113

Bishopsgate Communications
Tel: +44 (0) 20 7562 3350
Nick Rome / Michael Kinirons