TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer                  Cadogan Petroleum
of existing shares to which voting rights are                       Plc    
attached:
                                                                                         
2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                                

Yes

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                           

Other (please specify):
                                                                                         
3. Full name of person(s) subject to the                            Michel
Meeus
notification obligation:
                                                                                         
4. Full name of shareholder(s)                                      Same as
3
(if different from 3.):
                                                                                         
5. Date of the transaction and date on
which the threshold is crossed or                                   25/03/2013
reached:

6. Date on which issuer notified:                                   23/04/2013

7. Threshold(s) that is/are crossed or                              7%, 8%,
9%, 10%, 11%
reached:

8. Notified details:
                                                                                                 
A: Voting rights attached to shares

Class/        Situation previous      Resulting situation after the triggering transaction
type of       to the triggering
shares        transaction

if            Number      Number      Number     Number of voting     % of  voting rights
possible      of          of          of         rights
using         Shares      Voting      shares
the ISIN                  Rights
CODE                                  Direct     Direct   Indirect     Direct   Indirect

Shares
voting
rights        16000000    16000000    26000000   26000000              11.25%


                                                                                                 
B: Qualifying Financial Instruments

Resulting situation after the triggering transaction                       

Type of       Expiration   Exercise/            Number of voting        % of voting
financial     date         Conversion Period    rights that may be      rights
instrument                                      acquired if the
                                                instrument is
                                                exercised/ converted.




C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments
                                                                                                 
Resulting situation after the triggering transaction

Type of      Exercise  Expiration  Exercise/     Number of voting rights  % of voting rights
financial    price     date        Conversion    instrument refers to
instrument                         period                                 Nominal    Delta


Total (A+B+C)

Number of voting rights                   Percentage of voting rights

26,000,000                                11.25%

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



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:

13. Additional information:

14. Contact name:                            Michel Meeus

15. Contact telephone number:                +32 475 209 209

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