Holding(s) in Company

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise
price

Expiration
date

Exercise/
Conversion
period

Number of voting
rights instrument
refers to

% of voting rights

RNS Number : 3552W

Alkane Energy PLC

27 July 2009

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Alkane Energy plc

2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights		Yes
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached		No
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments		No
An event changing the breakdown of voting rights		No
Other (please specify):		No

3. Full name of person(s) subject to the notification obligation:	Gartmore Investment Limited
4. Full name of shareholder(s) (if different from 3.):	See section 9
5. Date of the transaction and date on which the threshold is crossed or reached:	21 July 2009
6. Date on which issuer notified:	22 July 2009
7. Threshold(s) that is/are crossed or reached:	28%

8. Notified details:
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights	Number of shares	Number of voting rights		% of voting rights
			Direct	Direct	Indirect	Direct	Indirect
GB003286613	25,274,997	25,274,997	26,074,997		26,074,997		28.073%

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ Conversion Period	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights

Total (A+B+C)

Number of voting rights

Percentage of voting rights

26,074,997

28.073%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:


Funding Managing Company	Shares Held	% of Issued Share Capital	UK Registered Owner	UK Registered Owner
Gartmore Investment Limited	24,209,997	26.065%	Tartan Investment Partners	Tartan Investment Partners
Gartmore Investment Limited	1,865,000	2.008%	Vidacos Nominees Ltd A/C 2303	The Alphagen Volantis Limited

	26,074,997	28.073%