Clarification of Statement

Aminex PLC
15 March 2002


Aminex PLC

                          ("Aminex" or "the Company")



    Clarification of Statement Regarding Apple Oil and Gas Limited ("Apple")



Further to its announcement dated 14 March, 2002, the Board of Aminex would like
to clarify its statement contained therein that "Our shareholders have no
guarantee of receiving anything if they accept (Apple's Offer)."



The Board of Aminex would like to clarify this statement by stating:



"Our shareholders have no guarantee of receiving any cash if they accept Apple's
Offer.  They would, of course, receive 4 Apple shares for every 11 Aminex shares
they hold, which, on the basis of the two companies' respective share prices
immediately before Apple announced its intention to make an offer for Aminex,
values each Aminex share at 2.36p, less than 10% of their current market value."



15 March 2002


Enquiries:

Aminex PLC                                            [phone]
Brian Hall

Davy Corporate Finance Limited                        [phone]
Hugh McCutcheon

College Hill                                          [phone]
James Henderson
Archie Berens

Dennehy Associates                                    [phone]

Michael Dennehy





Responsibility Statement

The directors of Aminex accept responsibility for the information contained in
this announcement except that the only responsibility accepted in respect of the
information relating to Apple, which has been complied from published sources,
is to ensure that it has been correctly and fairly reproduced and presented.
Subject as aforesaid, to the best of the knowledge and belief of the directors
of Aminex (who have taken all reasonable care to ensure that such is the case),
the information contained in this announcement for which they accept
responsibility is in accordance with the facts and does not omit anything likely
to affect the import of such information.

Davy Corporate Finance Limited, which is authorised to carry on investment
business in Ireland by the Central Bank of Ireland, is acting exclusively for
Aminex and no one else in connection with the offer and will not regard any
other person as its client or be responsible to any person other than Aminex for
providing the protections afforded to clients of Davy Corporate Finance Limited,
nor for giving advice to any such person in relation to the offer.

Davy Corporate Finance Limited has approved the contents of this announcement
solely for the purpose of section 21 of the Financial Services and Markets Act
2000. The principal place of business of Davy Corporate Finance Limited is Davy
House, 49 Dawson Street, Dublin 2, Ireland.

Davy Corporate Finance Limited has given and has not withdrawn its consent to
the issue of this announcement with the inclusion of its advice in the form and
context in which it is included.


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