Issue of Equity

Asia Energy PLC
14 December 2005


                                ASIA ENERGY PLC

                                ISSUE OF EQUITY


Asia Energy PLC ('the Company'), the 100% owner of the Phulbari Coal Project in
north-west Bangladesh, today announces that it has issued and allotted 100,000
new Ordinary Shares of 10p each, at a price of 75p, pursuant to an exercise of
warrants. These new Ordinary Shares are issued under the terms of the Company's
existing warrant instrument with W.H. Ireland Limited, the Company's previous
Nominated Adviser and Broker.

The new Ordinary Shares will rank pari passu with the existing Ordinary Shares
of 10p each in the Company and trading of these shares on AIM is expected to
commence on 20 December 2005.

The total number of Ordinary Shares in issue following this issue is 45,408,333.

14 December 2005


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