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(Stock Code: 603)

CLARIFICATION ANNOUNCEMENT AND RESUMPTION OF TRADING

This announcement is made pursuant to the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").
The board (the "Board") of directors (the "Director(s)") of China Oil And Gas Group Limited (the "Company") noted that today there was report on the internet and the media that Mr. Su Shi Feng, the former president of