Issue of Equity

Asia Energy PLC
16 September 2005


                                ASIA ENERGY PLC
                                ISSUE OF EQUITY

16 September 2005

Asia Energy PLC ('the Company'), the 100% owner of the Phulbari Energy Project
in north-west Bangladesh, today announces that pursuant to an exercise of
existing options, it has issued and allotted 226,666 new Ordinary Shares of 10p
each, at a price of 75p.

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 22 September 2005.

The total number of Ordinary Shares in issue following this issue is 41,114,357.


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