Stmnt re Share Price Movement

White Nile Limited
30 May 2007


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

30th May 2007

                 White Nile Ltd ('White Nile' or 'the Company')
                              Share Price Movement

White Nile Ltd, the AIM listed oil and gas exploration company, in the light of
the fall in the Company's share price, has asked the Government of Southern
Sudan to issue, at the earliest opportunity, a statement clarifying the
conclusion of the negotiations in Khartoum between themselves and the Northern
Government, with regard to oil exploration and production issues in Southern
Sudan, as referred to by the Company on RNS earlier today.

It is understood that the Government of Southern Sudan is involved in continuing
negotiations on a number of other issues and has not yet had the opportunity to
make official comment on the outcome of the negotiations re oil issues. White
Nile remains confident of a positive outcome and hopes that it will be able to
provide further information, as soon as possible, on its rights in Block Ba,
awarded to White Nile by the Government of Southern Sudan.

                                * * E N D S * *


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

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



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