RNS Number:0642U
Sterling Energy PLC
09 May 2008
Form TR-1 with annex. FSA Version 2.1 updated April 2007
+----------------------------------------+
|For filings with the FSA include the |
|annex |
| |
|For filings with issuer exclude the |
|annex |
+----------------------------------------+
+-----------------------------------------------------------------------------+
|TR-1: Notifications of Major Interests in Shares |
+-----------------------------------------------------------------------------+
+-----------------------------------------------+-------------------------------+
|1. Identity of the issuer or the underlying |Sterling Energy plc |
|issuer of existing shares to which voting | |
|rights are attached: | |
+-----------------------------------------------+-------------------------------+
|2. Reason for notification (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 | |
+--------------------------------------------------------------------+----------+
|An event changing the breakdown of voting rights | |
+--------------------------------------------------------------------+----------+
|Other (please specify):______________ | |
+---------------------------------------+----------------------------+----------+
|3. Full name of person(s) subject to |Mr Denis O'Brien |
|notification obligation: | |
+---------------------------------------+---------------------------------------+
|4. Full name of shareholder(s) (if |Baycliffe Limited (as nominee) |
|different from 3): | |
+---------------------------------------+---------------------------------------+
|5. Date of transaction (and date on |01 May 2008 |
|which the threshold is crossed or | |
|reached if different): | |
+---------------------------------------+---------------------------------------+
|6. Date on which issuer notified: |08 May 2008 |
+---------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or |12% |
|reached: | |
+---------------------------------------+-------+--------------------+----------+
+--------------------------------------------------------------------------------------+
|8: Notified Details |
+--------------------------------------------------------------------------------------+
|A: Voting rights attached to shares |
+------------+-----------------------+-------------------------------------------------+
|Class/type |Situation previous to |Resulting situation after the triggering |
|of shares |the triggering |transaction |
| |transaction | |
|If possible +-----------+-----------+-----------+--------------------+----------------+
|use ISIN |Number of |Number of |Number of |Number of voting |Percentage of |
|code |shares |voting |shares |rights |voting rights |
| | |rights | +-----------+--------+-------+--------+
| | | | | | | | |
| | | | | | | | |
| | | | |Direct |Indirect|Direct |Indirect|
+------------+-----------+-----------+-----------+-----------+--------+-------+--------+
|GB0005299929|167,186,005|167,186,005|202,186,005|202,186,005|N/A |12.26% |N/A |
+------------+-----------+-----------+-----------+-----------+--------+-------+--------+
+--------------------------------------------------------------------------------+
|B: Financial Instruments |
| |
| |
+--------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction |
| |
| |
+---------------+---------------+---------------+----------------+---------------+
|Type of |Expiration date|Exercise/ |No. of voting |Percentage of |
|financial | |conversion |rights that may |voting rights |
|instrument | |period/date |be acquired (if | |
| | | |the instrument | |
| | | |exercised/ | |
| | | |converted) | |
+---------------+---------------+---------------+----------------+---------------+
| | | | | |
| | | | | |
| | | | | |
+---------------+---------------+---------------+----------------+---------------+
+-----------------------------------------------------------------------------+
|Total (A+B) |
| |
| |
+--------------------------------------+--------------------------------------+
|Number of voting rights |Percentage of voting rights |
+--------------------------------------+--------------------------------------+
|202,186,005 |12.26% |
+--------------------------------------+--------------------------------------+
+-----------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and /or |
|the financial instruments are effectively held, if applicable: |
+-----------------------------------------------------------------------------+
|Denis O'Brien holds 32,241,134 shares in his name |
| |
|Baycliffe Limited holds 169,944,871 as nominee |
+-----------------------------------------------------------------------------+
+-----------------------------------------------------------------------------+
|Proxy Voting: |
| |
| |
+--------------------------------------+--------------------------------------+
|10. Name of 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: |Christopher Tushingham |
|15. Contact telephone name: |01624 646 846 |
| | |
+--------------------------------------+--------------------------------------+
For notes on how to complete form TR-1 please see the FSA website.
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