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Heritage Oil Plc: Holding(s) in Company

LONDON, UNITED KINGDOM -- (Marketwired) -- 05/13/14 -- Heritage Oil Plc (the "Company") (TSX: HOC)(LSE: HOIL) -

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES(i)

1. Identity of the issuer or the underlying issuer of existing shares to which

voting rights are attached:(ii)

Heritage Oil Plc

2. Reason for the notification:

An acquisition or disposal of voting rights

3. Full name of person(s) subject to the notification obligation:(iii)

Credit Suisse Group AG

4. Full name of shareholder(s) (if different from 3):(iv)

5. Date of the transaction and date on which the threshold is crossed or reached:(v)

8 May 2014

6. Date on which issuer notified:

12 May 2014

7. Threshold(s) that is/are crossed or reached:(vi, vii)

7%

8. Notified details:


----------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
----------------------------------------------------------------------------
Class/type   Situation previous to Resulting situation after the triggering
 of shares   the Triggering        transaction
 if possible transaction
 using the
 ISIN CODE
             ---------------------------------------------------------------
             Number of  Number of  Number   Number of voting   % of voting
             Shares     Voting     of       rights              rights (x)
                        Rights     shares
                                   -----------------------------------------
                                   Indirect Direct Indirect  Direct Indirect
                                            (xi)   (xii)
----------------------------------------------------------------------------
JE00B2Q4TN56 15,253,954 15,253,954                 20,589,819       7.408%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
B: Financial Instruments
----------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------
Type of financial   Expiration    Exercise/      Number of       % of voting
 instrument         date (xiii)   Conversion     voting rights   rights
                                  Period/ Date   that may be
                                  (xiv)          acquired if
                                                 the
                                                 instrument is
                                                 exercised/
                                                 converted.
----------------------------------------------------------------------------
----------------------------------------------------------------------------
C: Financial Instruments with similar economic effect to Qualifying
 Financial Instruments (xv,xvi)
----------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------
Type of       Exercise   Expiration   Exercise/   Number of   % of voting
 financial    price      date (xvii)  Conversion  voting      rights
 instrument                           period      rights      (xix,xx)
                                      (xviii)     instrument
                                                  refers to
----------------------------------------------------------------------------
                                                              Nominal  Delta
----------------------------------------------------------------------------

----------------------------------------------------------------------------
---------------------------------------------------------
Total (A+B+C)
---------------------------------------------------------
Number of voting rights            % of voting rights
---------------------------------------------------------
20,589,819                         7.408%
---------------------------------------------------------

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


1.   Credit Suisse Group AG
2.   Credit Suisse Securities (EUROPE) Limited
3.   Credit Suisse Securities (USA) LLC
4.   Credit Suisse AG
5.   Credit Suisse Funds AG
6.   Credit Suisse international

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will acquire:

12. Date on which proxy holder will acquire voting rights:

13. Additional information:

Based on total voting rights of 277,925,878

14. Contact name:

Anthony Allen/ Paul MacDonald

15. Contact telephone number:

+44 (0) 20 7888 5416/ 8548

Contacts:
Enquiries
Heritage Oil Plc
Paul Atherton
+44 (0)1534 835 400

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