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RELINT: NZO: Ongoing Disclosure Notice

31 Aug 2010 9:32 am

NZO 31/08/2010 RELINT

REL: 0932 HRS New Zealand Oil and Gas Limited

RELINT: NZO: Ongoing Disclosure Notice

Ongoing Disclosure Notice Disclosure of Directors and Officers Relevant Interests

Section 19T(2), Securities Markets Act 1988

A Details of director or officer Name of director or officer of public issuer: Roy Antony Radford

Name of public issuer: New Zealand Oil & Gas Limited Name of related body corporate (if applicable): n/a Position held in public issuer: Director

B Securities in public issuer or any related body corporate in which director or officer has relevant interest Number, class, and type of securities: 998,768 NZO (ordinary shares) 4,334,000 NZO (ordinary shares)

C Nature of relevant interest and name of registered holder

Nature of relevant interest in securities: Direct Interest Indirect Interest Name of registered holder of securities Roy Antony Radford Exploration Nominees Limited, Mehasu Pty Limited

D Details of acquisitions and disposals If the relevant interest was acquired-- Date of acquisition: n/a n/a Consideration paid for acquisition: n/a n/a

If the relevant interest was disposed of-- Date of disposal: n/a 28/08/2010 Consideration paid for disposal: n/a n/a

Type of transaction Describe the arrangement pursuant to which, or the circumstances in which, the acquisition or disposal took place: Expiry of options to acquire ordinary shares

E Total number of transactions this notice relates to: 1

F Date of last disclosure notice (whether in form 1 or form 2) by the director or officer: 2/07/2010 2/07/2010

G Signature Signature of director or office: Date of signature: 30/08/2010 End CA:00199086 For:NZO Type:RELINT Time:2010-08-31:09:32:35

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