| For filings with the FCA include the annex |
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| For filings with issuer exclude the annex |
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| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
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| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii |
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 |
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| An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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| An event changing the breakdown of voting rights |
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| Other (please specify): |
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| 3. Full name of person(s) subject to the notification obligation: iii |
Schroders plc |
| 4. Full name of shareholder(s) (if different from 3.):iv |
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| 5. Date of the transaction and date on which the threshold is crossed or reached: v |
8 May 2014 |
| 6. Date on which issuer notified: |
9 May 2014 |
| 7. Threshold(s) that is/are crossed or reached: vi, vii |
Above 5% |
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| 8. Notified details: |
| A: Voting rights attached to shares viii, ix |
| Class/type of shares |
Situation previous to the triggering transaction |
Resulting situation after the triggering transaction |
| if possible using the ISIN CODE |
Number of Shares |
Number of Voting Rights |
Number of shares |
Number of voting rights |
% of voting rights x |
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Direct |
Direct xi |
Indirect xii |
Direct |
Indirect |
| OrdinaryGB00B635TG28 |
Below 5% |
Below 5% |
44,763,586 |
N/A |
40,204,930 |
N/A |
5.009% |
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| B: Qualifying Financial Instruments |
| Resulting situation after the triggering transaction |
| Type of financial instrument |
Expiration date xiii |
Exercise/ Conversion Period xiv |
Number of voting rights that may be acquired if the instrument is exercised/ converted. |
% of voting rights |
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| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi |
| Resulting situation after the triggering transaction |
| Type of financial instrument |
Exercise price |
Expiration date xvii |
Exercise/ Conversion period xviii |
Number of voting rights instrument refers to |
% of voting rights xix, xx |
| CFD |
N/A |
N/A |
N/A |
182,633 |
Nominal |
Delta |
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0.023% |
1 |
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| Total (A+B+C) |
| Number of voting rights |
Percentage of voting rights |
| 40,387,563 |
5.032% |
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| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi |
| Cazenove Capital Management Limited 131,950 0.016%Schroder Investment Management Limited 36,666,967 4.568%Schroder Investment Management North America Limited 3,588,646 0.447% |
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| Proxy Voting: |
| 10. Name of the proxy holder: |
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| 11. Number of voting rights proxy holder will cease to hold: |
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| 12. Date on which proxy holder will cease to hold voting rights: |
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| 13. Additional information: |
The shares referred to in section 9 are held in portfolios managed by those firms on a discretionary basis for clients under investment management agreements. This disclosure has been calculated based on issue share capital amount 802,660,757. |
| 14. Contact name: |
Stefan RickettsGeneral Counsel and Company Secretary |
| 15. Contact telephone number: |
0207 925 4900 |
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