Holding in Company

Alkane Energy PLC
30 June 2006


ALKANE ENERGY PLC (the 'Company')

30 JUNE 2006

NOTIFICATION OF MAJOR INTEREST IN SHARES


The Company has today received notification of the following major interest in
shares.

1. Name of Company:
Alkane Energy plc

2. Name of shareholder having a major interest:
UBS AG

3. Please state whether notification indicates that it is in respect of holding 
of the shareholder named in 2 above or in respect of a non-beneficial interest 
or in the case of an individual holder if it is a holding of that person's 
spouse or children under the age of 18:
Persons in 2 above.

4. Name of the registered holder(s) and, if more than one holder, the number of 
shares held by each of them:
UBS AG London Branch

5. Number of shares/amount of stock acquired:
Not disclosed

6. Percentage of issued class:
Not disclosed

7. Number of shares/amount of stock disposed:
Not disclosed

8. Percentage of issued class:
Not disclosed

9. Class of security:
Ordinary shares of 0.5p each

10. Date of transaction:
28 June 2006

11. Date company informed:
29 June 2006

12. Total holding following this notification:
7,401,822

13. Total percentage holding of issued class following this notification:
8.10%

14. Any additional information:
N/a

15. Name of contact and telephone number for queries:
Steve Goalby, [phone]

16. Name of company official responsible for making this notification:
Steve Goalby, Finance Director

Date of notification:
30 June 2006


ENDS



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