This Announcement Is Not For Release, Publication or Distribution In Or Into The United States

Xcite Energy (TSX-V: XEL) (LSE: XEL) (AIM: XEL) has received formal notification that Fidelity Investment Services (UK) holds 12,000,000 ordinary shares in the Company, representing 8.99% of the issued and outstanding share capital.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

ENQUIRIES: Xcite Energy Limited +44 (0) 1330 826 740 Richard Smith Chief Executive Officer Rupert Cole Chief Financial Officer Arbuthnot Securities Limited +44 (0)20 7012 2000 Andrew Fairclough Ed Burbidge Strand Hanson Limited +44 (0) 20 7409 3494 James Harris Rory Murphy