Holding in Company

Alkane Energy PLC
05 September 2005


ALKANE ENERGY PLC (the 'Company')

5 SEPTEMBER 2005

NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Name of Company:

Alkane Energy 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:

Persons in 2 above.

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

UBS AG

5. Number of shares/amount of stock acquired:

Not disclosed

6. Percentage of issued class:

Not disclosed

7. Number of shares/amount of stock disposed:

Not disclosed

8. Percentage of issued class:

Not disclosed

9. Class of security:

Ordinary shares of 0.5p each

10. Date of transaction:

Not disclosed

11. Date company informed:

5 September 2005

12. Total holding following this notification:

3,913,643

13. Total percentage holding of issued class following this notification:

4.30%

14. Any additional information:

N/a

15. Name of contact and telephone number for queries:

Steve Goalby, [phone]

16. Name of company official responsible for making this notification:

Steve Goalby, Finance Director

Date of notification:

05/09/05

ENDS


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