WRES.L Regulatory News (WRES)

Caspian Holdings Plc

("Caspian" or the "Company")

14 June 2010

Caspian Completes £200,000 Placing

Caspian Holdings plc, the oil and gas development company with assets in the USA, is pleased to announce it has completed a placement of 80,000,000 ordinary shares of 0.1p per share ("Ordinary Shares") at 0.25p per Ordinary Share to raise £200,000. 60,000,000 Ordinary Shares were placed to institutional investors, through the Company's broker HB Markets, and 20,000,000 Ordinary Shares to Masterman Superannuation Fund ("MSF"), a pension fund related to Michael Masterman, a director of the Company. The net proceeds from the placing will be used to finance the current working capital requirements of the Company and its USA oil operations.

Application has been made for the new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 18 June 2010.

Related Party Transaction

Masterman Superannuation Fund, a company related to Michael Masterman, a director of Caspian, and of which Michael Masterman is a beneficiary and trustee, will be issued 20,000,000 Ordinary Shares at a price of 0.25p per Ordinary Share. The issue of shares to MSF is therefore classified as a related party transaction for the purposes of the AIM Rules. Accordingly the Directors (other than Michael Masterman), having consulted with Grant Thornton Corporate Finance (in its capacity as the Company's nominated adviser), confirm that they are satisfied that the terms of MSF's participation in the placing are fair and reasonable insofar as the shareholders of the Company are concerned.

Following the issue of the new Ordinary Shares, Michael Masterman, will be interested in 161,694,010, Ordinary Shares in the Company representing an interest of 36.24 per cent in the total voting rights of the Company. In addition, Michael Masterman is interested in 6,250,000 options over Ordinary Shares in the Company as follows:

Stock Options Held Option Exercise Price Expiry Date

5,000,000 £0.04 31 December 2010

1,250,000 £0.03 31 December 2010

Following this placing, the Company will have 446,065,131 Ordinary Shares of 0.1p in issue.

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