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Heritage Oil Plc: Holding(s) in Company

LONDON, UNITED KINGDOM -- (Marketwired) -- 05/23/14 -- Heritage Oil Plc (the "Company") (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)

London and Capital Asset Management Ltd

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

BNP Nominees RE a/c Carey Pension 3253

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

20 May 2014

6. Date on which issuer notified:

22 May 2014

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

4%

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
                 Shares     Voting Number of Number of voting  % of voting
                            Rights   shares       rights        rights (x)
                                  ------------------------------------------
                                    Indirect Direct Indirect Direct Indirect
                                             (xi)   (xii)
----------------------------------------------------------------------------
JE00B2Q4TN56 11,299,415 11,299,415 11,099,415                        3.9937%
----------------------------------------------------------------------------

----------------------------------------------------------------------------
B: Financial Instruments
----------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------
Type of      Expiration date Exercise/      Number of voting % of voting
financial    (xiii)          Conversion     rights that may  rights
instrument                   Period/ Date   be acquired if
                             (xiv)          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 rights
financial  price     date       Conversion  voting      (xix, xx)
instrument           (xvii)     period      rights
                                (xviii)     instrument
                                            refers to
----------------------------------------------------------------------------
                                                        Nominal   Delta
----------------------------------------------------------------------------

----------------------------------------------------------------------------

----------------------------------------------------------------------------
Total (A+B+C)
----------------------------------------------------------------------------
Number of voting rights               % of voting rights
----------------------------------------------------------------------------
11,099,415                            3.9937%
----------------------------------------------------------------------------

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

BNP Nominees RE a/c Carey Pension 3253

Proxy Voting:

10. Name of the proxy holder:

London and Capital Asset Management

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:

Dominic Crabb

15. Contact telephone number:

+44 (0) 20 7396 3200

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

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