SYS-CON MEDIA Authors: Roberto Medrano, Dmitriy Stepanov, Gilad Parann-Nissany, Srinivasan Sundara Rajan, Sean Houghton

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Ithaca Energy Inc Announces Holding(s) in Company

ABERDEEN, SCOTLAND -- (Marketwired) -- 08/06/14 -- Ithaca Energy Inc. (TSX: IAE) (LSE: IAE)

For filings with the FCA include the annex
For filings with issuer exclude the annex

---------------------------------------------------------------------------
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
---------------------------------------------------------------------------

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1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are                Ithaca Energy
attached:ii                                                       Inc.
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2 Reason for the notification (please tick the appropriate box or boxes):
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An acquisition or disposal of voting rights                        X
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An acquisition or disposal of qualifying financial
instruments which may result in the acquisition of shares
already issued to which voting rights are attached
---------------------------------------------------------------------------
An acquisition or disposal of instruments with similar
economic effect to qualifying financial instruments
---------------------------------------------------------------------------
An event changing the breakdown of voting rights
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Other (please specify):
---------------------------------------------------------------------------
3. Full name of person(s) subject to the
notification obligation:iii                                 BlackRock, Inc.
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4. Full name of shareholder(s)
 (if different from 3.): iv
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5. Date of the transaction and date on
which the threshold is crossed or                           1st August 2014
reached: v
---------------------------------------------------------------------------
6. Date on which issuer notified:                           5th August 2014
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7. Threshold(s) that is/are crossed or                        Holding has
reached: vi, vii                                             gone below 10%
---------------------------------------------------------------------------

----------------------------------------------------------------------------
8. Notified details:
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A: Voting rights attached to shares viii, ix
----------------------------------------------------------------------------
Class/type  Situation previous   Resulting situation after the triggering
of          to the triggering    transaction
shares if   transaction
possible
using
the ISIN
CODE
           --------------------- -------------------------------------------
           Number     Number     Number   Number of voting   % of voting
           of         of         of       rights             rights x
           Shares     Voting     shares
                      Rights
                                 -------- ------------------ ---------------
                                          Direct  Indirect
                                 Direct   xi      xii        Direct Indirect
---------- ---------- ---------- -------- ------- ---------- ------- -------
CA46567610
42         33,170,662 33,170,662 N/A       N/A    32,631,598   N/A    9.90%
---------- ---------- ---------- -------- ------- ---------- ------- -------

----------------------------------------------------------------------------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------
Type of financial     Expiration Exercise/        Number of voting   % of
instrument            date xiii  Conversion       rights that may be voting
                                 Period xiv       acquired if the    rights
                                                  instrument is
                                                  exercised/converted

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

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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 voting   % of voting
financial  price      date xvii  /Conver- rights instrument  rights xix, xx
instrument                       sion     refers to
                                 period
                                 xviii
---------- ---------- ---------- -------- ------------------ ---------------
CFD                                       320,001            Nominal Delta
                                                             ------- -------
                                                             0.10%   0.10%
---------- ---------- ---------- -------- ------------------ ------- -------

----------------------------------------------------------------------------
Total (A+B+C)
----------------------------------------------------------------------------
Number of voting rights                   Percentage of voting rights
----------------------------------------- ----------------------------------
32,951,599                                9.99%
----------------------------------------- ----------------------------------

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

BlackRock Investment Management (UK) Limited - 32,951,599 (9.99%)
----------------------------------------------------------------------------

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Proxy Voting:
----------------------------------------------------------------------------
10. Name of the 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:
----------------------------------------------------------------------------

----------------------------------------------------------------------------
                                                       BlackRock Regulatory


13. Additional information:                            Threshold Reporting
                                                       Team
----------------------------------------------------------------------------
14. Contact name:                                      Duncan Murray
----------------------------------------------------------------------------
15. Contact telephone number:                          020 7743 3334
----------------------------------------------------------------------------

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