Raises 18 Million GBP

White Nile Limited
15 June 2007

         White Nile Ltd / Ticker: WNL / Index: AIM / Sector: Oil & Gas

15th June 2007

               White Nile Limited ('White Nile' or 'the Company')
                               Raises £18 million

White Nile Ltd, the AIM traded oil and gas exploration company, has raised £18
million through the issue of 18,000,000 new ordinary shares of 0.1p each at
£1.00 per share. The proceeds of the placing, conducted with existing as well as
new institutional investors, will be utilised to fund the development of the
Company's operations in Southern Sudan and Ethiopia, as well as to develop its
activities within the region as a whole.

Application will be made today for the new shares to trade on AIM and it is
expected that dealings in these shares will commence on 21 June 2007.  The new
ordinary shares will rank pari passu in all respects with the existing shares in
issue.

                                * * E N D S * *

For further information please contact or visit www.whitenile-ltd.com:

Phil Edmonds              White Nile Ltd                     Tel: [phone]
Hugo de Salis             St Brides Media & Finance Ltd      Tel: [phone]
Jonathan Wright           Seymour Pierce Ltd                 Tel: [phone]




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