Holding(s) in Company

Alkane Energy PLC
29 January 2007



Alkane Energy PLC

29 January 2007

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Alkane Energy PLC

2. Reason for the notification (please state Yes/No)

An acquisition or disposal of voting rights: Yes

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to 
which voting rights are attached: No

An event changing the breakdown of voting rights: No

Other (please specify): No

3. Full name of person(s) subject to the notification obligation:

UBS Investment Bank

4. Full name of shareholder(s) (if different from 3.):

 UBS AG London Branch

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

24 January 2007

6. Date on which issuer notified:

26 January 2007

7. Threshold(s) that is/are crossed or reached:

2.10%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares    Situation previous to the              Resulting situation after the 
                        triggering transaction                 triggering transaction
If possible using the                                          Number of shares Number of voting 
ISIN code                                                                       rights              % voting rights
                        Number of shares    Number of voting   Direct           Direct    Indirect   Direct Indirect    
                        rights
GB0003286613            5,121,822           5,121,822          1,925,000        1,925,000   -        2.10%      -




Resulting situation after the triggering transaction

Type of financial   Expiration date Exercise/Conversion Number of voting rights                % voting rights
instrument                          Period/Date         that may be acquired if this 
                                                        instrument is exercised/converted 
-                           -               -                      -                                0.00%

Total (A+B)
Number of voting rights             Number of voting rights
1,925,000                           2.10

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively 
held, if applicable:

UBS AG London Branch (2.10%; 1,925,000)

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

N/A

Alkane Energy Contacts:

Steve Goalby, Finance Director                [phone]

ENDS







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