Demerger Timetable

Egdon Resources PLC
10 January 2008

              

                              Egdon Resources Plc
                               
                              Demerger Timetable

Egdon Resources Plc, the independent UK on-shore focused energy company
('Egdon'), in advance of the Court hearings on the 14 January and 15 January,
would like to confirm the expected timetable for the principal events of the
demerger of its business into New Egdon plc (to be renamed 'Egdon Resources plc'
following the demerger) and Portland Gas plc.

Application will be made to the London Stock Exchange for the suspension of
trading in Egdon shares at 7.00am on 15 January 2008 and therefore the last day
of dealings in Egdon shares will be 14 January 2008. Application will also be
made to the London Stock Exchange for cancellation of admission to trading on
AIM of the Egdon shares conditional upon the demerger becoming effective.
Cancellation of admission to trading will take effect at 8.00am on 17 January
2007.

Following the demerger becoming effective it is anticipated that dealings in the
shares of New Egdon plc and Portland Gas plc will commence at 8.00am on 17
January 2008.

Enquiries:

Egdon Resources Plc

Mark Abbott, Joint Managing Director                     01256 702 292
Andrew Hindle, Joint Managing Director                   0208 332 1200

Buchanan Communications

Ben Willey                                               020 7466 5000
Nicholas Melson                                          020 7466 5000

Seymour Pierce

Jonathan Wright                                          020 7107 8000
Sarah Jacobs                                             020 7107 8000


                      This information is provided by RNS
            The company news service from the London Stock Exchange