NOTIFICATION OF MAJOR INTEREST IN SHARES
For filings with the FSA include the annex
For filings with issuer exclude the annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer EnQuest PLC
of existing shares to which voting rights are
attached: ii
2 Reason for the notification (please tick the appropriate box or
boxes):
An acquisition or disposal of voting rights
X
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 Lorito Holdings (Guernsey)
Limited & Zebra Holdings and Investments (Guernsey) Limited both of 1st
& 2nd Floors, Elizabeth House, Les Ruettes Brayes, St Peter Port,
Guernsey GY1 1EW
notification obligation: iii
4. Full name of shareholder(s) N/A
(if different from 3.):iv
5. Date of the transaction and date on 6 October 2010
which the threshold is crossed or
reached: v
6. Date on which issuer notified: 18 October 2010
7. Threshold(s) that is/are crossed or 15 %
reached: vi, vii
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of Situation previous
Resulting situation after the triggering transaction
shares to the triggering
if possible using transaction
the ISIN CODE
Number Number Number
Number of voting % of voting rights x
of of of
shares rights
Shares Voting
Rights
Direct Direct xi Indirect xii Direct
Indirect
Ordinary 102,864,417&14,612,072 102,864,417&14,612,072
92,864,417&20,373,393 92,864,417&20,373,393 Nil 14.61%
Nil
GB00B635TG28
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial Expiration Exercise/
Number of voting % of
voting
instrument date xiii Conversion
Period xiv rights that may be
rights
acquired if the
instrument is
exercised/ converted.
C: Financial Instruments with similar economic effect to Qualifying
Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial Exercise price Expiration date xvii
Exercise/ Number of voting rights instrument refers to
% of voting rights xix, xx
instrument
Conversion period xviii
Nominal
Delta
Total (A+B+C)
Number of voting rights
Percentage of voting rights
113,237,810
14.61 %
9. Chain of controlled undertakings through which the voting rights
and/or the
financial instruments are effectively held, if applicable: xxi
Proxy Voting:
10. Name of the proxy holder: N/A
11. Number of voting rights proxy holder will cease N/A
to hold:
12. Date on which proxy holder will cease to hold N/A
voting rights:
13. Additional information: Notification is based on a total voting
rights figure of 775,027,922. Lorito Holdings (Guernsey) Limited holds
92,864,417 EnQuest shares Zebra Holdings and Investments (Guernsey)
Limited holds 20,373,393 EnQuest shares
14. Contact name:
15. Contact telephone number:
Paul Waters +44(0)20 7925 4900
NOTIFICATION OF MAJOR INTEREST IN SHARES
| Source: EnQuest PLC