Director Shareholding-Amend

Regal Petroleum PLC
20 February 2004


The following replaces the Director Shareholding announcement released on Friday
6 February 2004 15:42 under RNS Number 1320V:


The Company was notified on 6 February 2004 that Mr V F Timis, the Executive
Chairman of the Company, has today purchased 150,000 ordinary 5p shares of the
Company ('Ordinary Shares') at a price of 237p per Ordinary Share.


As a result of this purchase, Mr V F Timis has a beneficial interest in
8,030,887 Ordinary Shares representing 7.92 per cent. of the Company's share
capital.


The amended text is below:

Immediate Release                         20 February 2004


                      Regal Petroleum plc ('the Company')


                      Correction - Director's Shareholding


The Company hereby issues a correction to an announcement by the Company on 6
February 2004 notifying a purchase of 150,000 ordinary 5p shares of the Company
('Ordinary Shares') by Mr V F Timis, the Executive Chairman of the Company.


It was incorrectly stated that as a result of this purchase, Mr V F Timis has a
beneficial interest in 8,030,887 Ordinary Shares representing 7.92 per cent. of
the Company's share capital whereas Mr V F Timis currently has a beneficial
interest in 8,680,887 Ordinary Shares representing 8.57 per cent. of the
Company's share capital.


20 February 2004


For further information, please contact:

Regal                                                        Tel: [phone]
Stephen West, Company Secretary

Buchanan Communications                                      Tel: [phone]
Bobby Morse







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