Holding(s) in Company

BowLeven Plc
20 December 2006



Letter to     Bowleven plc
Letter dated  19th December 2006


In accordance with Section 198 to 208 of the UK Companies Act 1985, we (Tell 
Capital Ltd) advise Bowleven plc (the Company) that on 19th December 2006 we 
had, pursuant to the placing approved by the Company on 18th December 2006, an 
interest in 4,807,230 ordinary shares of 10 pence each representing 7.96% of the 
Company's issued share capital. The shares are registered in the name of Credit 
Suisse Securities (Europe) LTD Prime Brokerage Client.

 
Further details in relation to this shareholding are set out below:
              
Beneficial Owner                Number of Ordinary Shares
 
The TELL Fund                   3,038,192 
The WALTER Fund                 1,769,038

 
Letter from   Tell Capital Ltd



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