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Heritage Oil Plc: Holding(s) in Company

LONDON, UNITED KINGDOM -- (Marketwired) -- 05/20/14 -- Heritage Oil Plc (the "Company") (LSE: HOIL) -

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES(i)

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

Heritage Oil Plc

2. Reason for the notification:

An acquisition or disposal of voting rights

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

Credit Suisse Group AG

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

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

16 May 2014

6. Date on which issuer notified:

20 May 2014

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

9%

8. Notified details:

----------------------------------------------------------------------------
A: Voting rights attached to shares (viii,ix)
----------------------------------------------------------------------------
Class/type   Situation previous to
 of shares          the Triggering  Resulting situation after the triggering
if possible            transaction                               transaction
 using the  ----------------------------------------------------------------
 ISIN CODE               Number of  Number
              Number of     Voting      of  Number of voting     % of voting
                 Shares     Rights  shares            rights      rights (x)
                                  ------------------------------------------
                                           Direct   Indirect
                                  Indirect   (xi)      (xii) Direct Indirect
----------------------------------------------------------------------------
JE00B2Q4TN56 24,684,090 24,684,090                25,389,028          9.135%
----------------------------------------------------------------------------

----------------------------------------------------------------------------
B: Financial Instruments
----------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------
                                                    Number of
                                                voting rights
                                                  that may be
                                    Exercise/     acquired if
Type of                            Conversion  the instrument
 financial         Expiration    Period/ Date   is exercised/    % of voting
 instrument       date (xiii)           (xiv)      converted.         rights
----------------------------------------------------------------------------

----------------------------------------------------------------------------
C: Financial Instruments with similar economic effect to Qualifying
 Financial Instruments (xv,xvi)
----------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------
                                                 Number of
                                    Exercise/       voting
Type of                Expiration  Conversion       rights
 financial   Exercise        date      period   instrument       % of voting
 instrument     price      (xvii)     (xviii)    refers to   rights (xix,xx)
----------------------------------------------------------------------------
                                                            Nominal    Delta
----------------------------------------------------------------------------

----------------------------------------------------------------------------

------------------------------------------------------------
Total (A+B+C)
------------------------------------------------------------
Number of voting rights                   % of voting rights
------------------------------------------------------------
25,389,028                                            9.135%
------------------------------------------------------------

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: (xxi)

1.    Credit Suisse Group AG
2.    Credit Suisse Securities (EUROPE) Limited
3.    Credit Suisse Securities (USA) LLC
4.    Credit Suisse AG
5.    Credit Suisse Funds AG
6.    Credit Suisse international
7.    Credit Suisse Asset Management, LLC
8.    Credit Suisse Fund Management S.A.

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will acquire:

12. Date on which proxy holder will acquire voting rights:

13. Additional information:

Based on total voting rights of 277,925,878

14. Contact name:

Anthony Allen/ Paul MacDonald

15. Contact telephone number:

+44 (0) 20 7888 5416/ 8548

Contacts:
Enquiries
Heritage Oil Plc
Paul Atherton
+44 (0)1534 835 400

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