Stmt re Share Price Movement

21 Feb 2005 14:01

Ramco Energy PLC21 February 2005 For immediate release Ramco Energy plc 21 February 2005 Ramco Energy plc ('Ramco' or the 'Company') The Board of Ramco notes the recent share price movement and can confirm that ithas received an approach which may or may not lead to an offer for the entireissued and to be issued share capital of the Company. These discussions are progressing but there is no certainty that a formal offerwill result. Shareholders are recommended to take no action at this stage. A furtherannouncement will be made in due course. The Board of Ramco is being advised by Canaccord Capital (Europe) Limited. Enquiries: Ramco Energy plc Tel: 01224 352 200Chris MoarVP Finance and Company Secretary Canaccord Capital (Europe) Limited Tel: 020 7518 2777Toby HaywardAndrew Gilchrist College HillNick Elwes Tel: 0207 457 2020 Canaccord Capital (Europe) Limited which is authorised and regulated in theUnited Kingdom by the Financial Services Authority, is acting exclusively forRamco and for no one else and will not be responsible to anyone other than Ramcofor providing the protections afforded to customers of Canaccord Capital(Europe) Limited nor for providing advice in relation to any matter referred toin this announcement. This information is provided by RNS The company news service from the London Stock Exchange