RE: Director Shareholding

Regal Petroleum PLC
28 October 2004


Immediate Release                                                28 October 2004




                                   CORRECTION
                                        

                      Regal Petroleum plc ('the Company')

                            Director's Shareholding


The Company hereby issues a correction to an announcement by the Company earlier
today at 10.48am under RNS No 5742E 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.


In the first paragraph it now states that the date Mr V F Timis dealt was today,
28 October 2004 at a price of 332p and not 27 October 2004 at a price of 320p,
as previously stated.


                      Regal Petroleum plc ('the Company')

                            Director's Shareholding


The Company was notified today that on 28 October 2004 Mr V F Timis, the
Executive Chairman of the Company, had purchased 150,000 ordinary 5p shares of
the Company ('Ordinary Shares') at a price of 332p per Ordinary Share. As a
result of this purchase, Mr V F Timis has a beneficial interest in 8,930,887
Ordinary Shares representing 7.69 per cent. of the Company's share capital.


28 October 2004


For further information, please contact:

Regal                                              Tel: [phone]
Chris Phillips, Company Secretary

Buchanan Communications                            Tel: [phone]
Bobby Morse








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