Additional Listing

Sterling Energy PLC
23 December 2003



                      Sterling Energy plc ('the Company')

                               Additional listing

The Board of the Company has today allotted the deferred consideration of
40,000,000 ordinary shares of 1p each ('Ordinary Shares') pursuant to the
Acquisition of Sterling Energy (UK) Limited ('Deferred Consideration'), subject
to the admission of the Ordinary Shares to trading on the Alternative Investment
Market of the London Stock Exchange ('AIM').

In addition, in connection with the announcement made on 8 December 2003
concerning the application for up to 289,629,167 Ordinary Shares to be admitted
to trading on AIM, the Company has issued a further 87,010,558 Ordinary Shares
pursuant to further acceptances of the Offer for Fusion Oil & Gas PLC up to 18
December 2003.

Application has been made to AIM for 127,010,558Ordinary Shares to be admitted
to trading and dealings are expected to commence on 2 January 2004. Following
admission, the issued share capital of the Company will be 780,626,248 Ordinary
Shares.

23 December 2003



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