Holding(s) in Company

Alkane Energy PLC
21 May 2002

Alkane Energy plc
21 May 2002



                               Alkane Energy plc
                          ('Alkane' or the 'Company')

                   Notification of Major Interests in Shares

We hereby give notice pursuant to Rule 9.11 of the Listing Rules, that on 20 May
2002, Alkane received the following notification:




Letter to Alkane Energy plc:

In accordance with Sections 198-202 of the Companies Act 1985 (as amended), we
write on behalf of Deutsche Bank AG to inform you that, on the basis that the
relevant issued share capital of your company is 89,358,733 ordinary shares,
Deutsche Bank AG and its subsidiary companies has a notifiable interest in the
shares of 11.33%.  The total interest is in 10,126,651 shares registered in the
names and in the amounts as set out in the attached Schedule.

Companies within the Group acting as Fund Managers hold some of the shares on
behalf of a number of clients whose portfolios are managed on a discretionary
basis.

Deutsche Bank AG is a corporation domiciled in Frankfurt, Germany, of which
Deutsche Bank AG London is a branch.





Contact Cheryl Slater or David Lindsay
London Compliance Department
Deutsche Bank AG



SCHEDULE




                               ALKANE ENERGY PLC
                             ORDINARY £0.005 SHARES


                                                        No. of Shares

Held as a Principal

Morgan Grenfell & Co Limited                                10,630



Held for Clients

Morgan Nominees Limited                                  2,623,572
Morgan Nominees Limited Account D131                     5,429,205
RBSTB Nominees                                           2,063,244


TOTAL                                                   10,126,651






20 May 2002








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