Director Shareholding

Soco International PLC
23 May 2003


                             SOCO International plc
                           ('SOCO' or 'the Company')

                              DIRECTOR'S INTERESTS


The Company was notified on 23 May 2003 that Quantic Ltd has sold 84,224 (0.12%)
SOCO International plc ordinary shares of £0.20 each ('Shares'). Following this
transaction, Quantic Ltd now holds 2,973,254 Shares representing 4.16% of the
issued share capital of the Company.

As a result of this transaction, Mr Rui de Sousa has an interest in a total of
3,587,873 Shares, representing 5.02% of the issued share capital of the Company.
This interest is held through Quantic Ltd and New Falcon Oil Limited of which
a respective 50% and 100% of the share capital is owned by Mr de Sousa.

In addition to Shares, Mr de Sousa is interested in a total of 1,671,809
warrants to purchase ordinary shares in SOCO ('Warrants'). These Warrants are
held by Quantic Ltd (162,607 Warrants) and New Falcon Oil Limited (40,652
Warrants) all at an exercise price of £0.55 each, and by Palamos Limited which
holds 14,685 Warrants, 925,187 Warrants and 528,678 Warrants at an exercise
price of £0.55, £0.60 and £0.65 each respectively. Palamos Limited is owned by a
trust company whose potential ultimate beneficiary is the family of Mr de Sousa.



Contact:     Carol Fan, 020 7399 3300



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