Issue of Equity

Asia Energy PLC
01 July 2005


                                ASIA ENERGY PLC

                                ISSUE OF EQUITY

01 July 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 85,000 new Ordinary Shares of 10p
each, at a price of 75p to a staff member under the terms of their existing
option deed.

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 7 July 2005.

The total number of Ordinary Shares in issue following this issue is 40,011,024.




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