EXERCISE OF OPTIONS

22 Jun 2005 16:34

Alkane Energy PLC22 June 2005 ALKANE ENERGY PLC (the Company") 22 JUNE 2005 EXERCISE OF OPTIONS The Company announces that today, following the exercise of share options underan individual share option plan granted on 7 November 2000, it has issued andallotted 100,000 new ordinary shares of 0.5 pence each respectively. Theexercise price was 17.5p per share. The issued ordinary share capital of the Company is now 90,367,043 ordinaryshares of 0.5 pence each. Application will be made for the new ordinary shares to be admitted to AIM assoon as practicable. ENDS This information is provided by RNS The company news service from the London Stock Exchange