Further re Director Sharehldg

Fusion Oil & Gas PLC
4 December 2003



FUSION OIL & GAS PLC ('Fusion')

Offer by Sterling Energy Plc

Further to the Company's announcement with the heading 'Directors Shareholding'
released on 4 December 2003, the Company confirms the up to date details of its
relevant securities that are required to be disclosed in accordance with
Rule 2.10 of the City Code on Takeovers and Mergers is as follows:

Share Class               Ordinary Shares 1p each
Number of Shares          102,306,224
ISIN Reference            GB0009769638

Enquiries:

Fusion Oil & Gas plc - Tel [phone]
Dr Peter Dolan Chairman





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