Holding(s) in Company

Regal Petroleum PLC
19 May 2004


Immediate Release                                                  19 May 2004

                      Regal Petroleum plc ('the Company')

                               Holding in Company


The Company was notified on 18 May 2004 by Schroder Investment Management
Limited ('Schroders') that following a sale of the Company's ordinary 5p shares
('Ordinary Shares'), Schroders has an interest in 4,433,100 Ordinary Shares,
representing 3.84 per cent. of the issued Ordinary Share capital.


18 May 2004


For further information, please contact:

Regal                                             Tel: [phone]
Stephen West, Company Secretary

Buchanan Communications                           Tel: [phone]
Bobby Morse / Catherine Miles


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