Result of DesirePetroleum EGM

GAELIC RESOURCES PLC 30 September 1999 RECOMMENDED MERGER of DESIRE PETROLEUM PLC and GAELIC RESOURCES PUBLIC LIMITED COMPANY RESULT OF EXTRAORDINARY GENERAL MEETING THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. Desire Petroleum plc announces that at an Extraordinary General Meeting of Desire held earlier today the resolution set out in the notice of meeting dated 11 September 1999 relating to, inter alia, the proposed merger of Desire and Gaelic Resources Public Limited Company was duly passed by Desire Shareholders. Gaelic Shareholders and Gaelic Warrantholders are reminded that the first closing date of the Merger Offer and the Warrant Offer is 3.00pm on 4 October 1999 and are encouraged to accept the Merger Offer and the Warrant Offer, as appropriate, as soon as possible. Unless the context otherwise requires, the definitions contained in the circular dated 11 September 1999 also apply in this announcement. ENQUIRIES: Desire Petroleum (+44 1684 892242) Dr John Martin Dr Colin Phipps SG Securities (+44 171 638 9000) Andrew Osborne Luke Morton Millham Communications (+44 171 256 5756) Simon Rothschild Judith Parry The Desire Directors accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the Desire Directors (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information. SG Securities (London) Ltd, which is regulated in the UK by The Securities and Futures Authority Limited, is acting for Desire and no-one else in connection with the Merger and will not be responsible to anyone other than Desire for providing the protections afforded to customers of SG Securities (London) Ltd or for providing advice in relation to the Merger. This announcement has been approved by SG Securities (London) Ltd for the purposes of Section 57 of the Financial Services Act 1986.
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