Additional Listing

Sterling Energy PLC
09 February 2004


                      Sterling Energy plc ('the Company')

        Distribution of Shares and Resultant Directors' Shareholdings

                                      and

                               Additional listing


The Company was informed on 9 February 2004 that the 40,000,000 ordinary shares
of 1p each, which were allotted on 23 December 2003 as the final payment of the
deferred consideration ('Deferred Shares') under the terms of the acquisition of
Sterling Energy Limited in October 2002, have been distributed to the former
underlying partners of Sterling LP, which includes certain directors of the
Company.

The resultant beneficial interests of those directors following the distribution
in the issued share capital of the Company, including the additional listing
referred to below, are:


Name                      No. of Ordinary Shares    % of Ordinary Share capital

Richard O'Toole,                     22,483,818                           2.76
non-executive
chairman

Harry Wilson, Chief                  27,696,092                           3.41
Executive Officer (note 1)

Nigel Quinton,                       17,941,511                           2.21
Technical & Operations
Director (note 2)

Graeme Thomson, Finance              15,639,558                           1.92
Director & Company
Secretary


Note 1:    The interest disclosed includes 17,549,802 Ordinary Shares held by
Roselea Limited, a company of which Harry Wilson has a 26% interest and is a
director.

Note 2: The interest disclosed includes 8,350,790 Ordinary Shares held by QX
Energy Limited, a company wholly owned by Mr Quinton and his family.


Additional Listing

The Company has issued a further 6,238,043 ordinary shares of 1p each in the
Company ('Ordinary Shares') to meet the consideration due in respect of
additional valid acceptances received under the Offer for Fusion Oil & Gas PLC.


Admission to trading on the Alternative Investment Market of the London Stock
Exchange ('AIM') and dealings are expected to commence on 12 February 2004.
Following admission, the issued share capital of the Company will be 813,364,401
Ordinary Shares.


9 February, 2004


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