Transaction Completion

Soco International PLC
05 March 2004

SOCO International

('SOCO' or 'The Company')

Transaction Completion


SOCO International plc ('SOCO') announces the completion of the transaction
announced last year wherein  its 100% owned subsidiary, SOCO North Africa
Limited ('SOCO NA') and Oilinvest (Netherlands) B.V. ('Oilinvest') agreed to
sell the entire issued share capital of OILSOC Investment Company Limited 
('OILSOC') to Joint Stock Bank of the Gas Industry Gazprombank (Gazprombank).
OILSOC assets consist entirely of its 20% shareholding in ODEX Exploration
Limited ('ODEX'), a specific purpose upstream joint venture formed by Oilinvest
and SOCO NA to identify, develop, produce and market hydrocarbon opportunities
in Libya and other countries.  SOCO NA received US$2,454,505 for its 45% net
interest in OILSOC.  The current ODEX shareholders are Oilinvest (46%), SOCO NA
(34%) and a subsidiary of Gazprombank via its OILSOC purchase (20%).



                                                                    5 March 2004

Enquiries

Company                  Name            Position                  Tel

Soco International plc   Ed Story        Chief Executive           020 7399 3300
Soco International plc   Roger Cagle     Chief Financial Officer   020 7457 2020

College Hill Contact     James Henderson                           020 7457 2020




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