RNS Number:5136P
Venture Production PLC
29 July 2005


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of company

VENTURE PRODUCTION PLC


2. Name of shareholder having a major interest

UBS AG


3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

UBS GLOBAL ASSET MANAGEMENT LIFE LIMITED     1,701,816
UBS AG LONDON BRANCH                         3,302,533


4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

NOT INFORMED


5. Number of shares / amount of stock acquired

NOT INFORMED


6. Percentage of issued class

NOT INFORMED


7. Number of shares / amount of stock disposed



8. Percentage of issued class



9. Class of security

ORDINARY SHARES OF 0.4P EACH


10. Date of transaction
                                             
NOT INFORMED


11. Date company informed

29 July 2005


12. Total holding following this notification

5,004,349


13. Total percentage holding of issued class following this notification

4.07%


14. Any additional information




15. Name of contact and telephone number for queries


BRIAN HOBDEN               01224 619000


16. Name and signature of authorised company official responsible for making
this notification

BRIAN HOBDEN


Date of notification

29 July 2005


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The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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