Holdings in Company

Alkane Energy PLC
31 January 2006

ALKANE ENERGY PLC (the 'Company')

31 JANUARY 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:
Gartmore Investment Limited and Gartmore Fund Managers Limited

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:

Beneficial Owner                                                          Registered Owner                   Number of 
Shares
Gartmore Fund Managers Ltd a/c Gartmore UK & Irish Smaller Companies      HSBC Global Custody Nominee UK Ltd 4,938,238
Strathclyde Pension Fund                                                  Nortrust Nominees Limited          2,744,779
The Alphagen Volantis Fund Limited                                        Vidacos Nominees Ltd A/C 1945      1,416,822
Gartmore Smaller Companies Trust Plc                                      BNY GIL CLT A/C NOMS LTD A/C LST   1,332,102
Gartmore Growth Opportunities Plc                                         BNY GIL CLT A/C NOMS LTD A/C NWSC  569,878

5. Number of shares/amount of stock acquired:
100,000; 50,000; and 25,000

6. Percentage of issued class:
0.11%; 0.05%; and 0.03%

7. Number of shares/amount of stock disposed:
N/a

8. Percentage of issued class:
N/a

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

10. Date of transaction:
23, 23, and 24 January 2006

11. Date company informed:
31 January 2006

12. Total holding following this notification:
11,001,819

13. Total percentage holding of issued class following this notification:
12.06%

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:
31 January 2006


ENDS




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