Issue of Equity

Alkane Energy PLC 29 June 2005 ALKANE ENERGY PLC (the Company') 29 JUNE 2005 EXERCISE OF OPTIONS The Company announces that today, following the exercise of share options under an individual share option plan granted on 7 November 2000, it has issued and allotted 100,000 new ordinary shares of 0.5 pence each respectively. The exercise price was 17.5p per share. The Company also announces that today, following the exercise of share options under the Company's 2000 Pre-Admission Share Option Plan, it has issued and allotted 30,000 new ordinary shares of 0.5 pence each respectively. The exercise price was 10.5p per share. The issued ordinary share capital of the Company is now 90,497,043 ordinary shares of 0.5 pence each. Application will be made for the new ordinary shares to be admitted to AIM as soon as practicable. ENDS This information is provided by RNS The company news service from the London Stock Exchange
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