Stmnt re Share Price Movement

Alkane Energy PLC
11 September 2002


                               Alkane Energy plc

The Company confirms that its financial results for the 6 months ended 30 June
2002 will be published at 7.00am tomorrow morning (12th September).  The Company
notes the fall in its share price this week and wishes to announce that its
financial results for the 6 months ended 30 June 2002 will, in the view of the
Board, be in line with market expectations.

The Board also notes the much reported recent comments regarding the fall in the
price of wholesale electricity and the consequent effect of this for energy
producers.   Assuming continuation of current low wholesale electricity prices,
there will be a significant impact on the timing and extent of the future roll
out of the Company's Green Energy Parks.

The cash reserves of the Group, of approximately £17m as at 30 June 2002, are
thus greater than anticipated at this stage in the Company's development.


Enquiries:

Judith Parry                          0207 786 9600
Binns & Co PR Ltd


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