Holding(s) in Company

Alkane Energy PLC
04 January 2007


ALKANE ENERGY PLC (the 'Company')

4 January 2007

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:
2 January 2007

11. Date company informed:
3 January 2007

12. Total holding following this notification:
6,396,322

13. Total percentage holding of issued class following this notification:
6.97%

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:
4 January 2007


ENDS




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