Disclosure of Interests

Soco International PLC
3 January 2002



                    SOCO International plc (the 'Company')

                         Re: Disclosure of Interests


The Company was notified on 2 January 2002, pursuant to Part VI of the
Companies Act 1985, that the shareholders agreement dated 13 January 2000 (the
'Agreement') between the shareholders set out below has been terminated with
effect from 31 December 2001 and as a result each of the following
shareholders is no longer deemed to be interested in any of the shares held by
the other parties to the Agreement, as previously notified to the company
pursuant to section 204 of the Companies Act 1985.  The ordinary shares of 
£0.20 each in the share capital of the Company ('Shares') and interests in
Shares held by each shareholder as at 31 December 2001 is set against their
names below:


The Investors                  No of Shares held      No of Warrants held

Pontoil Intertrade Limited     6,480,813              447,171
Alpidorica SpA                 589,730                40,652
Quantic Limited                2,357,478              162,607
New Falcon Oil Limited         589,619                40,652
Chemsa Limited                 4,842,955              325,215
Salamander Assets Limited      1,179,239              81,304
SIIF SA (Luxembourg)           4,127,335              284,563



Furthermore, the shareholders set out above, together with the Company, in
recognition of the termination of the Agreement, have entered into an
agreement to terminate the relationship agreement dated 13 July 1999,
effective from 31 December 2001.


In addition, pursuant to section 324(2)(a) of the Companies Act 1985 Mr.
Patrick Maugein notified the Company on the same date that the number of
Shares in which he was interested on 31 December 2001 was 4,842,955 Shares
held by Chemsa Limited, which is owned by a trust company whose potential
ultimate beneficiary is the family of Mr Maugein.  Chemsa Limited acquired
154,000 Shares on 21 January 2000 in consideration of £0.783 per share.


                                                                3 January 2001


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