16 December 2009
Sound Oil plc (the "Company")
The Company received notification on 15 December 2009 that 6,250,000 ordinary shares in the Company beneficially owned by Jusuf Rachmantio (a director of the Company) were sold on that day at a price of 1.6p per share. This sale concludes the limited sale exercise previously announced of shares held as security by the Bank of Scotland (the total sold in this exercise amounts to 9.25 million shares, rather than the 8.0 million originally indicated). The remaining 10,750,000 shares held as security by the Bank of Scotland will be transferred back to Exiga Energy Ltd, in which Mr Rachmantio has a 100% interest.
Following this sale he owns 26,272,309 shares (representing approximately 3.8% of the Company's issued share capital).
Further information on the Company can be found at www.soundoil.co.uk.
For further information please contact:
Gerry Orbell, Chairman
Smith & Williamson Corporate Finance - Nomad
020 7131 4000
Evolution Securities - Joint Broker
020 7071 4300
Religare Hichens, Harrison - Joint Broker
020 7382 7776
020 7466 5000