5 February 2010
Sound Oil plc
The Company announces that the series of share sales by directors which have been effected since the announcement on 26 January 2010 of their intention to sell, has concluded (the total sold amounts to 7.8 million shares, which is slightly more than the 7.5 million originally indicated). Following these sales, the aggregate shareholding of the board is 198.8 million ordinary shares (note) representing approximately 29% of the Company's issued ordinary shares.
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
Note: This figure includes 147.3 million shares registered in the name of PT Ilthabie SDN-BHD, a company jointly-owned by Ilham Habibie (a director of the Company) and his brother Thareq Habibie.