Major shareholders

Dominion Petroleum has one class of (Ordinary) Shares of $US 0.00004.  Major shareholders (those with more than 1% of the issued shares) in the company as of 31st August 2008 are shown below. The total number of Common Shares on issue is 431,245,397. A further 58,555,341 Common Shares are the subject of outstanding warrants and options and 87,761,835 Common Shares are associated with certain secured convertible notes (assuming an exchange rate of £1 = $1.95)

Dominion Petroleum Limited is registered in Bermuda; the rights of shareholders may be different from those in a United Kingdom incorporated company.

The percentage of common shares of the Company not in public hands is 86.58%.

Directors, related parties and substantial shareholders who have an interest in 249,610,460  Common Shares (64.4% of the share capital) have agreed that they will not (save in limited circumstances) dispose of any of their respective interests in Common Shares until 6 December, 2008.

Carlo Seidel, who is interested in 65,236,647 Common Shares (15.1% of the share capital) has agreed that he will not (save in limited circumstances) dispose of any of his interests in Common Shares until 12 May, 2009.

Certain shareholders who are interested in 12,288,433 Common Shares (2.8% of the share capital) have also agreed that they will not (save in limited circumstances) dispose of any of their respective interests in such shares for a period of eighteen months from their employment and in half such shares for a further eighteen months.

US transfer restrictions

The Common Shares have not been registered under the US Securities Act or under the applicable securities laws of any of the states of the US and thus, may not be sold in the United States or to US persons unless they are so registered or an exemption from such registration is available. The Common Shares have been offered in transactions exempt from the registration requirements of the US Securities Act only to (1) non-US persons outside the United States in reliance on Regulation S thereunder and (2) in the United States only to 'accredited investors' pursuant to the exemption from registration under rule 506 of Regulation D thereunder. Accordingly the Common Shares are subject to the restrictions on transfer set out in paragraph 6 of Part 6 of the Admission Document. Purchasers and subsequent purchasers of the Common Shares will be bound by the transfer restrictions set out in this section of the Admission Document.

Recent funding
Since its incorporation, Dominion has raised some $75 million in external funding as follows:

1. In February 2006, a placing of Common Shares and associated warrants which raised $2 million.
2. In February 2006, a placing of $10.25 million of secured convertible notes. Further details of these notes may be found in paragraph 13.5 of Part 6 of the Admission Document.
3. On December 12th 2006 on admission to AIM, £4,061,794 (ca. $8.46 million) through the issue of 15,043,685 common shares (3.79% of the enlarged share capital) at 27p per share. The company further negotiated an extra credit facility of $2.5 million.
4. On June 7th 2007, the Company placed 7,807,219 Common Shares raising $7.38 million.
5. On October 2nd 2007, the Company placed an additional $44.45 million of secured convertible notes.