Additional Listing

Fusion Oil & Gas PLC
14 March 2001

14 March 2001

FUSION OIL AND GAS PLC ('Fusion')

150,000 partly paid shares in Fusion Oil & Gas NL ('FOG') paid up and
converted into ordinary shares in Fusion

Application to the Alternative Investment Market of the London Stock Exchange
('AIM') for the admission of these additional ordinary shares

The Directors of Fusion have received notice that a partly paid shareholder in
FOG is paying up the balance due in respect of 150,000 partly paid shares in
FOG. Fusion is now obliged, as described in the AIM Admission document dated
22 September 2000, to acquire the shares and to issue, as consideration, fully
paid ordinary shares in Fusion.

Application has been made to AIM for the listing of the additional ordinary
shares, expected on 20 March 2000.



ENQUIRIES:

Fusion Oil & Gas plc Tel: [phone]

Dr Alan Stein, Managing Director

Dr Peter Dolan, Chairman



College Hill Associates Tel: [phone]

James Henderson

Peter Brookes