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Asia Energy PLC (GCM)

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Tuesday 05 October, 2004

Asia Energy PLC

Issue of Equity

Asia Energy PLC
05 October 2004

                                ASIA ENERGY PLC

                                ISSUE OF EQUITY

5th October 2004

Asia Energy plc ('the Company'), the 100% owner of the Phulbari Energy 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, to Fitel Nominees
Ltd A/c CO42255. These new Ordinary Shares are issued under the terms of the
Company's warrant instrument with W.H. Ireland Limited, the Company's Nominated
Adviser and Broker.  Further more the Company has today issued and allotted
85,000 new Ordinary shares of 10p each at a price of 75p to various option

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 11th October 2004.

The total number of Ordinary Shares in issue following this issue is 37,787,638.

                      This information is provided by RNS
            The company news service from the London Stock Exchange