TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of  
existing shares to which voting rights are attached:  EnQuest PLC

 

2 Reason for the notification(please tick the appropriate box or
boxes):
 
An acquisition or disposal of voting rights                 X
 
An acquisition or disposal of qualifying financial
instruments which may result in the acquisition of
shares already issued to which voting rights are
attached                                                    
 
An acquisition or disposal of instruments with
similar economic effect to qualifying financial
instruments                                                 
 
An event changing the breakdown of voting rights            
 
Other (please specify):                                     

 

3. Full name of person(s) subject   Legis Trust List as Trustee of the
to the notification obligation:     Lamia Trust of which Mr Ayman Asfari
                                    is a potential beneficiary.
                                     
4. Full name of shareholder(s) (if   N/A
different from 3.):
 
5. Date of the transaction and date  6 April 2010
on which the threshold is crossed
or reached:
 
6. Date on which issuer notified:    8 April 2010
 
7. Threshold(s) that is/are crossed  5%
or reached:
 


 

8. Notified details:
A: Voting rights attached to shares
 
Class/type of Situation     Resulting situation after the triggering
shares        previous      transaction
              to the
if possible   triggering
using         transaction
the ISIN CODE Number Number Number     Number of voting    % of  voting
              of     of     of shares  rights              rights
              Shares Voting Direct     Direct     Indirect Direct Indirect
                     Rights
 Ordinary      Nil   Nil    41,282,114 41,282,114  Nil     5.327  Nil
 GB00B635TG28

 

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

 

C: Financial Instruments with similar economic effect to Qualifying
Financial Instruments
Resulting situation after the triggering transaction
 
Type of    Exercise  Expiration Exercise/  Number of  % of voting rights
financial  price                Conversion voting      
instrument           date                  rights
                                period     instrument

                                           refers to
                                                       Nominal   Delta
                                                                    
                                                                 

 

Total (A+B+C)
 
Number of voting rights Percentage of voting rights
 41,282,114             5.327

 

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

 

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:   Notification is based on a total voting
                              rights figure of 775,027,922.
                               
                              Ayman Asfari is a beneficiary of the Lamia
                              Trust. Mr Asfari also holds 12,500,000
                              EnQuest shares in his own name being
                              1.613% of the share capital of the
                              Company.
                               
14. Contact name:             Paul Waters
                              Company Secretary
15. Contact telephone number: +44 (0)20 7925 4900

Attachments

04082442.pdf