Change of Name

Asia Energy PLC
11 January 2007


                        Asia Energy PLC ('the Company')

                                  Name change


At the annual general meeting of Asia Energy PLC, the special resolution for a
name change to Global Coal Management Plc was duly passed.


The change in name better reflects the Company's strategy of expanding its'
portfolio of coal investments on a global basis, whilst continuing to remain
fully committed to the Phulbari Coal Project in Bangladesh.


11 January 2007











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