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Asia Energy PLC (GCM)

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Friday 20 May, 2005

Asia Energy PLC

Holding(s) in Company

Asia Energy PLC
20 May 2005

                         Asia Energy plc ('the Company')

                       Notification of significant holding

Under sections 198 to 202 of the Companies Act 1985 and rule 15 of the AIM Rules
the following information falls to be  disclosed:

The Company was notified on 19 May 2005 that Credit Suisse First Boston and its
subsidiary companies have acquired an  interest in 2,000,000 Ordinary Shares of
10p each in the Company. This represents 5.10% of the issued share capital of 
the Company.

20 May 2005

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