2 October 2012

Sound Oil plc

("Sound Oil" or "the Company")

Holding in Company

Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, announces that it was notified on 2 October 2012 that Manxdale Holdings Limited ("Manxdale", a fund connected with Astin Capital Management Limited ("Astin")) has reduced its interest from 595,000,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") to 525,000,000 Ordinary Shares (representing 18.29% of the Company's issued ordinary shares) of which 442,480,837 are currently held in escrow (pursuant to the private placement through Astin announced on 16 July 2012) and 82,519,163 are held by Manxdale.

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