Genel Energy PLC : Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

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

Genel Energy Plc

2. Reason for the notification:

An acquisition or disposal of voting rights

3. Full name of person(s) subject to the notification obligation:

Vallares Capital LP

4. Full name of shareholder(s)(if different from 3.):

Vallares Capital GP Limited

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

19 January 2012

6. Date on which issuer notified:

19 January 2012

7. Threshold(s) that is/are crossed or reached:

5%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE	Situation previous to the Triggering transaction
	Number of shares	Number of voting Rights
Ordinary JE00B55Q3P39	3,000,000	3,000,000

Resulting situation after the triggering transaction

Class/type of shares if possible using the ISIN CODE	Number of shares	Number of voting rights		% of voting rights
	Direct	Direct	Indirect	Direct	Indirect
Ordinary JE00B55Q3P39	21,713,154	21,713,154	-	7.7%	-

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument	Expiration date	Exercise/Conversion Period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
Founder Securities	21 November 2015	Any time in four years from completion of the Genel Energy Plc acquisition	As described in the prospectus dated 18 November 2011	As described in the prospectus dated 18 November 2011

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument	Exercise price	Expiration date	Exercise/ Conversion Period	Number of voting rights  instrument refers to	% of voting rights
					Nominal	Delta

Total (A+B+C)

Number of voting rights	% of voting rights
21,713,154 plus contingent right under founder securities	7.7% plus contingent right under founder securities

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

N/A

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12.

N/A

13. Additional information:

N/A

14. Contact name:

David Larkin

15. Contact telephone number:

[phone]