Holding in Company

Asia Energy PLC
28 October 2004

                          Asia Energy Plc ('Company')

                      Notification of significant holding

28 October 2004

Under sections 198 to 202 of the Companies Act 1985 and rule 15 of the AIM
Rules, the following information falls to be disclosed:

The Company was notified on 28 October 2004 that Framlington Investment
Management has changed its interest in the Company to 3,774,000 Ordinary Shares
of 10p each. This represents 9.92% of the issued share capital of the Company.


                      This information is provided by RNS
            The company news service from the London Stock Exchange