35IK 07sep2035c

RNS No 6034m
DRAGON OIL PLC
21st July 1998



A LETTER TO THE IRISH STOCK EXCHANGE FROM NOMURA DATED 21 JULY 1998

   RE : DRAGON OIL PLC
        NOTIFICATION OF AN INTEREST IN SHARES

PURSUANT TO SECTION 91 OF THE COMPANIES ACT, 1998 WE ENCLOSE THE DULY SIGNED
LETTER OF NOTIFICATION OF AN INTEREST IN THE SHARES OF DRAGON OIL PLC FOR YOUR
FURTHER ACTION.

 

                    RE:  DRAGON OIL PLC

   NOTIFICATION OF INTEREST IN SHARES PURSUANT TO SECTION 91 OF THE COMPANIES 
   ACT 1990
              


WE HEREBY NOTIFY YOU THAT, WITH EFFECT FROM 15TH JULY 1998 WE HAVE BECOME
INTERESTED (WITHIN THE MEANING OF SECTION 91 OF THE COMPANIES ACT, 1990) IN
54,660,912 ORDINARY SHARES OF IEP0.25 EACH IN THE SHARE CAPITAL OF DRAGON OIL
PLC, WHICH SHARES COMPRISE A TOTAL OF 54,660,912 SHARES WHICH ARE, SO FAR AS
IS KNOWN TO US AT THE DATE OF THIS NOTIFICATION, REGISTERED IN THE FOLLOWING
NAMES:-

   1.   APC GROUP, INC.                   5,376,000
   2.   DRAGON EQUITIES,INC.             19,688,112
   3.   NFM PHILIPPINES, INC.             4,798,800
   4.   SINOIL ASIA LIMITED              16,800,000
   5.   SINOPHIL CORPORATION              7,998,000

YOU ARE HEREBY ALSO NOTIFIED THAT SUMITOMO FINANCE INTERNATIONAL PLC. IS
BENEFICIALLY INTERESTED IN PART OF THE ABOVE TOTAL COMPRISING 21,864,365
SHARES AND NOMURA INTERNATIONAL (HONG KONG) LIMITED IS BENEFICIALLY INTERESTED
IN THE REMAINING PART COMPRISING 32,796,547 SHARES.

THIS NOTIFICATION IS MADE PURSUANT TO THE PROVISIONS OF SECTION 91(2) OF THE
COMPANIES ACT, 1990.


NOMURA INTERNATIONAL (HONG KONG) LIMITED


END

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