Additional Listing

Sterling Energy PLC
17 July 2003

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

                              Exercise of Warrants


The Company has received valid notices of exercise in respect of a further
3,660,538 warrants to subscribe for ordinary shares of 1p ('Ordinary Shares') at
6 per Ordinary Share ('Warrants'). In June 2001, the Company issued 24,755,000
Warrants and valid exercise has now been received in respect of 99.7% of these
Warrants with the balance of 71,892 have now expired.

In addition to the exercise of Warrants the Company has also issued 82,500
Ordinary Shares under an employee subscription agreement. Consequently the
Company has applied for a total of 3,743,038 Ordinary Shares to be admitted to
trading on the Alternative Investment Market of the London Stock Exchange and
dealings are expected to commence on 23 July, 2003 ('Admission').



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