Holdings in Company

June 3, 2009

PetroNeft was notified on 2 June 2009 that RAB Capital plc acting as discretionary manager of RAB Energy Fund Limited and RAB Octane Fund Limited has increased its shareholding to 37,868,791 ordinary share of €0.10 each representing 16.52% of the Company's issued share capital.



Dennis Francis, CEO, PetroNeft Resources plc,

+1 713 988 2500

Paul Dowling, CFO, PetroNeft Resources plc

+353 1 4433720