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

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

Sovereign Oilfield Group plc

2.     Reason for the notification (please state 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: (No)

An event changing the breakdown of voting rights: (No)

Other (please specify): (No)

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

Rensburg Fund Management Limited 

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

N/A

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

19 May 2009 

6.     Date on which issuer notified:

20 May 2009 

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

5% shareholding

  8.     Notified details:

Discretionary holdings within unit trust fund portfolios.

A:     Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE	Situation previous to the Triggering transaction (vi)
	Number of shares	Number of voting Rights (viii)
Ordinary Shares GB00BOK9D075	895,000	895,000

Resulting situation after the triggering transaction (vii)

Class/type of shares if possible using the ISIN CODE	Number of shares	Number of voting rights (ix)		% of voting rights
	Direct	Direct (x)	Indirect (xi)	Direct	Indirect
Ordinary Shares GB00BOK9D075			840,796		4.86%

B:     Financial Instruments

Resulting situation after the triggering transaction (xii)

Type of financial instrument	Expiration Date (xiii)	Exercise/Conversion Period/ Date (xiv)	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights

Total (A+B)

Number of voting rights	% of voting rights
840,796	4.86%

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

Holdings held within Rensburg Fund Management unit trust fund portfolios (registered in nominee name). RFM is the investment manager for these portfolios.

Proxy Voting:

10.     Name of the proxy holder:

N/A

11.    Number of voting rights proxy holder will cease to hold:

N/A

12.     Date on which proxy holder will cease to hold voting rights:

N/A

13.     Additional information:

N/A

14.     Contact name:

N/A

15.     Contact telephone number:

N/A

Annex Notification Of Major Interests In Shares xvi

A:     Identity of the person or legal entity subject to the notification obligation

Full name (including legal form for legal entities)

Rensburg Fund Management Limited

Contact address (registered office for legal entities)

Quayside House, Canal Wharf, Leeds, LS11 5PU

  Phone number

0113 236 4171

Other useful information (at least legal representative for legal persons)

Mike Rigby

(Head of Compliance)

B:     Identity of the notifier, if applicable

Full name:

Claire Linley

Contact address: 

Quayside House, Canal Wharf, Leeds, LS11 5PU

Phone number:

0113 236 4219

Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation):

Compliance Manager

C:    Additional information

This disclosure is made by Rensburg Fund Management Limited based on Nominee holdings in accordance with DTR 5.2.1 (F).

ENDHOLEAASEAESNEFE