Valiant Petroleum plc

17 June 2008

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Valiant Petroleum plc

2. Reason for the notification (please state Yes/No)

An acquisition or disposal of voting rights: Yes

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to 

which voting rights are attached: No

An event changing the breakdown of voting rights: No

Other (please specify): No 

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

Maurice Jenkins

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

N/A

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

10 June 2008

6. Date on which issuer notified:

16 June 2008

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

3% 

8. Notified details:

A: Voting rights attached to shares

B: Financial Instruments

Resulting situation after the triggering transaction

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively 

held, if applicable:

N/A

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

N/A

14. Contact name:

Nick Ingrassia

15. Contact telephone number:

01483 755 666

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