ALO.L Regulatory News (ALO)

 Alecto Energy plc / EPIC: ALO / Market: AIM / Sector: General Financial

15 December 2010

Alecto Energy plc ('Alecto' or 'the Company')

Issue of equity

Following its announcements on 22 and 29 October 2010, Alecto Energy plc, the AIM listed resource investment company, announces that it has issued 21,777,778 new ordinary shares of 0.7p in the Company to O'Connor International Limited (the "O'Connor Shares").

The O'Connor Shares represent 17.58% of the Company's enlarged issued share capital and O'Connor International Limited has entered into a lock-in agreement in respect of the O'Connor Shares for a period of 6 months following the date of their issue.

Application will be made for the O'Connor Shares, which will rank pari passu with the Company's existing ordinary shares of 0.7p in issue (the "Ordinary Shares"), to be admitted to trading on AIM. It is expected that admission will be effective and that dealings in the O'Connor Shares will commence on 16 December 2010.

Following the issue of the O'Connor Shares, the enlarged issued share capital of the Company will be 123,863,455 Ordinary Shares. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

**ENDS**

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