Significant Shareholdings

For Immediate Release 7 January 2009 GOLD OIL PLC ("Gold Oil" or the "Company") Significant Shareholdings The Company was informed on 23 December 2008 that following a disposal of ordinary shares in Gold Oil, HSBC Holdings Plc no longer has a notifiable interest in the Company's issued share capital. ENDS Contact: Michael Burchell, Chairman Tel: 01372 361 772 Roland Cornish, Beaumont Cornish Limited Tel: 020 7628 3396 ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.