Prospectus re Admission to the Official List - Heritage Oil

(and of persons connected with them) and Senior Manager in the share capital of the Company asat Admission:Number of Percentage ofDirector/Senior Manager Ordinary Shares Issued Share CapitalMichael Hibberd ................................ 0 0%Anthony Buckingham (1) ............................ 84,540,340 33%Paul Atherton .................................. 1,140,000 0.5%Gregory Turnbull ................................ 300,070 0.1%John McLeod ................................... 20,000 0General Sir Michael Wilkes ......................... 0 0Brian Smith .................................... 0 0(1) Mr. Anthony Buckingham’s Ordinary Shares include the Ordinary Shares held by the Major Shareholder, a companyowned and controlled by Mr. Buckingham.The Directors are expected to be interested in 86,000,410 Ordinary Shares immediately followingAdmission. This is based on their interest in 8,600,041 HOC Common Shares as at 28 March 2008,being the latest practicable date prior to the publication of this document.7.2 On Admission, the Directors and the Senior Manager hold the following Options granted pursuantto the Scheme (the terms of which are summarised in section 8 of this Part X):Number ofDirector/Senior Manager Options Expiry Date Exercise Price per Ordinary Share (1)Michael Hibberd ............ 1,150,000 23 June 2011; 150,000 Options at Cdn$1.66;14 December 2011; 750,000 Options at Cdn$2.91;21 December 2012 250,000 Options at Cdn$5.01Anthony Buckingham .........10,129,510 20 May 2010; 500,000 Options at Cdn$0.97;14 December 2011; 9,129,510 Options at Cdn$2.91;21 December 2012 500,000 Options at Cdn$5.01Paul Atherton .............. 2,875,000 20 May 2010; 1,250,000 Options at Cdn$0.97;14 December 2011; 1,125,000 Options at Cdn$2.91;21 December 2012 500,000 Options at Cdn$5.01Gregory Turnbull ............ 600,000 20 May 2010; 150,000 Options at Cdn$.97;14 December 2011; 300,000 Options at Cdn$2.91;21 December 2012 150,000 Options at Cdn$5.01.John McLeod .............. 550,000 20 May 2010 100,000 Options at C$9.7014 December 2011 300,000 Options at C$29.1421 December 2012 150,000 Options at C$50.06Brian Smith ................ 1,200,000 14 December 2011; 900,000 Options at Cdn$2.91;21 December 2012 300,000 Options at Cdn$5.01.(1) The final exercise prices will be converted into pounds sterling on the date of Admission using theexchange rate in effect on such date.7.3 Save as set out in this section and in section 7.1 above, the Company is not aware of any person who hasor will immediately following Admission have an interest which represents 3 per cent. or more of theissued voting share capital of the Company:Number of Percentage of IssuedShareholder Ordinary Shares Share CapitalMajor Shareholder ............................... 80,599,460 32%7.4 Save as detailed in sections 7.1, 7.2 and 7.3 above, the Company is not aware of any person whoeither as at the date of this document or immediately following Admission exercises, or couldexercise, directly or indirectly, jointly or severally, control over the Company.276