Holding in Company

Alkane Energy PLC
27 March 2001


On 26th March 2001, the Company received notification that Morley Fund
Management Limited, a subsidiary of CGNU plc, has an interest in 3,646,905
ordinary shares, representing 4.08% of the issued share capital of the
Company.

The registered holders to which this notification relates and the number of
shares held by those registered holders as at 23 March 2001 is as follows:

Registered Holder                     Number of Shares
BNY Norwich Union Nominees Ltd           2,222,222
Chase GA Group Nominees Ltd              1,424,683