Appointment

LEPCO plc
23 July 2001

 
                    LEPCO PLC ('LEPCO' or the 'Company')


                     Board Resignations and Appointments


Following the successful completion of the Open Offer to raise £990,200, LEPCO
plc, the AIM listed oil and gas company, announces the following changes to
the Company's board as set out in the circular to shareholders dated 20 June
2001 ('the Circular'). At a board meeting of the Company held earlier today P
J Bassett, Prof A M Lees and J G West resigned from the board of LEPCO. In
addition P K Wilde resigned as an executive director but will remain on the
board as a non-executive director.


In addition the following appointments were also made to the board:


Henry George Wilson                      executive chairman

Richard Anthony O'Toole                  non-executive director

Graeme Paul Thomson                      non-executive director



For further information, please contact :



Henry Wilson, Chairman     LEPCO                  01582 460661

Peter Wilde,               LEPCO                  020 7233 5245

Chris Callaway             Beeson Gregory         020 7488 4040


23 July 2001



As previously disclosed in the Circular, set out below is the required
information as set out in schedule two paragraph (f) of the AIM rules for
companies.


The current directorships and directorships held during the five years prior
to 20 June 2001, are as follows:

Name           Current Directorships     Past Directorships

Richard        Mardall Securities        Endeavour Oil & Gas Limited
O'Toole
               Endeavour Energy Limited  Harty Holdings Limited
               Sterling Energy GP
               Limited
               Park Resources Limited
               Sterling Energy Limited

Henry Wilson   Endeavour Energy Ltd      Quality Software Components Ltd
               Sterling Energy GP Ltd    Soquas Consulting Ltd
               Sterling Energy Ltd       D. N. Consulting Ltd
               Sterling Energy Inc       Tesla Systems Ltd
               Sterling Oil & Gas Ltd    Keniry Contracts Ltd
               Petrel Resources Plc      E. A. J. Consultancy Ltd
               M.O.P.S Ltd               Finewood Consulting Ltd
               Impulse Music Travel Ltd  Greenwood Contracting Ltd
               Mardall Securities A Ltd  44 CalibreWeb Design Ltd
               Mardall Securities C Ltd  Redwood Contracting Ltd
               Mardall Securities Ltd    Impulse Entertainment Ltd
               Park Securities Ltd       Liberty Bishop (32) Ltd
               Roselea Developments Ltd  Liberty Bishop (51) Ltd
               Roselea Ltd               Liberty Bishop (52) Ltd
               Sangster & May Ltd        Liberty Bishop (53) Ltd
               Fairplay Securities Ltd   Liberty Bishop (54) Ltd
                                         Liberty Bishop (46) Ltd
                                         Liberty Bishop (62) Ltd
                                         999 Consulting Ltd
                                         GS Consulting Ltd
                                         Liberty Bishop (131) Ltd
                                         Liberty Bishop (33) Ltd
                                         Liberty Bishop (37) Ltd
                                         Liberty Bishop (38) Ltd
                                         Liberty Bishop (39) Ltd
                                         Liberty Bishop (40) Ltd
                                         Liberty Bishop (41) Ltd
                                         Liberty Bishop (43) Ltd
                                         Liberty Bishop (44) Ltd
                                         Liberty Bishop (47) Ltd
                                         Liberty Bishop (55) Ltd
                                         Liberty Bishop (56) Ltd
                                         Liberty Bishop (57) Ltd
                                         Liberty Bishop (58) Ltd
                                         Liberty Bishop (59) Ltd
                                         Liberty Bishop (61) Ltd
                                         Liberty Bishop (63) Ltd
                                         Liberty Bishop (64) Ltd
                                         Liberty Bishop (67) Ltd
                                         Liberty Bishop (70) Ltd
                                         Liberty Bishop (72) Ltd
                                         Liberty Bishop (73) Ltd
                                         Liberty Bishop (75) Ltd
                                         Liberty Bishop (76) Ltd
                                         Liberty Bishop (77) Ltd
                                         Liberty Bishop (78) Ltd
                                         Liberty Bishop (79) Ltd
                                         Liberty Bishop (81) Ltd
                                         Liberty Bishop (82) Ltd
                                         Liberty Bishop (83) Ltd
                                         Liberty Bishop (69) Ltd
                                         Liberty Bishop (71) Ltd
                                         Liberty Bishop (80) Ltd
                                         Liberty Bishop (84) Ltd
                                         Liberty Bishop (66) Ltd
                                         Liberty Bishop (1505) Ltd
                                         Liberty Bishop (36) Ltd
                                         Ocean Recognition Ltd
                                         Galleryplot Ltd
                                         Mardall Securities B Ltd
                                         Park Resources Ltd
                                         Endeavour Oil & Gas Ltd
                                         Endeavour Oil & Gas Inc.
                                         Liberty Bishop Ltd
                                         Liberty Bishop (Director) Ltd
                                         Liberty Bishop (Nominee) Ltd

Graeme Thomson Russellwater Ltd          Dragon Oil plc (Ireland)
               Sterling Energy GP Ltd    Celtic Resources Holdings plc
                                         (Ireland)
               Sterling Energy Ltd       Dragon Resources (Holdings) plc (UK)
               Sterling Energy Inc.      Helmsley Computing Limited (UK)
                                         Dragon (Holdings) Ltd (Jersey)
                                         Dragon (Far East) Limited (Jersey)
                                         D&M Drilling Limited (Jersey)
                                         K R Oil & Gas (Holdings) BV
                                         (Netherlands)
                                         LEA Limited (Bermuda)
                                         Songkhla Resources Limited (Thailand)
                                         K.E. Resources Ltd (USA)
                                         Kirkland AS (Norway)


Richard O'Toole was a director of Harty Holdings Limited ('Harty') which ran
into financial difficulties in 1999, principally because it was unable to
obtain payment on a large contract. In January 2000 Harty sought the
protection of the court and in May 2000 a scheme of arrangement was approved
by the Irish High Court. Harty came out of court protection in June 2000 at
which time Mr O'Toole resigned as a director. Harty subsequently experienced
further difficulties and went into liquidation in April 2001.


Henry Wilson was a non-executive director of Ocean Recognition Limited, having
made a financial investment in the company. The company then suffered trading
difficulties and following legal advice was put in to liquidation on 4 August
1999.


Henry Wilson was also a non-executive director of Impulse Entertainment
Limited, having made a financial investment in the company. The company
suffered trading difficulties and following legal advice was put into
liquidation on 21 March 2001.


Graeme Thomson was a non-executive director in Butters, Strugnell & Waleczek
Limited until September 1988, when an offer for the Company, which was
suffering trading difficulties, was rejected by the controlling shareholder.
Following legal advice, that company was placed into liquidation in November
1988.


The newly appointed Directors are currently partners of the following:

Henry Wilson (indirectly) Richard O'Toole           Graeme Thomson

Endeavour Oil & Gas       Endeavour Oil & Gas       Endeavour Oil & Gas
Limited Partnership       Limited Partnership       Limited Partnership

Mardall Securities        Mardall Securities        Mardall Securities
Limited Partnership       Limited Partnership       Limited Partnership

Sterling Energy Limited   Sterling Energy Limited   Sterling Energy Limited
Partnership               Partnership               Partnership

Park Holdings Partnership


Save as disclosed above, none of the newly appointed Directors are or have
been partners of any partnerships during the five years preceding the date of
this document.


Save as disclosed above, none of the newly appointed Directors has:


 i. any unspent convictions relating to indictable offences;


ii. had a bankruptcy order made against him or entered into any individual
    voluntary arrangements;


iii. been a director of a company which has been placed in receivership,
    compulsory liquidation, creditors' voluntary liquidation or administration
    or entered into a company voluntary arrangement or any composition or
    arrangement with its creditors generally or any class of its creditors
    whilst he was a director of that company at the time of, or within the 12
    months preceding, such events;


iv. been a partner of a firm which has been placed in compulsory liquidation
    or administration or which has entered into a partnership voluntary
    arrangement whilst he was a partner of that firm at the time of, or within
    12 months preceding, such events;


 v. had any asset belonging to him placed in receivership or been a partner of
    a partnership whose assets have been placed in receivership whilst he was
    a partner at the time of, or within 12 months preceding, such
    receivership; or


vi. been publicly criticised by any statutory or regulatory authority
    (including any recognised professional body) or ever been disqualified by
    a court from acting as a director of a company or from acting in the
    management or conduct of the affairs of any company.


23 July 2001