LTIP Allotment

Sterling Energy PLC
14 February 2008




               Sterling Energy Plc ('Sterling' or the 'Company')


                                 LTIP Allotment

Following the announcement on 4 February 2008 of changes in the senior management 
team and in accordance with the approved Long Term Incentive Plan ('LTIP'), on 12 
February 2008 the Company agreed to grant nominal cost options to the Directors set 
out below to acquire ordinary shares ('Shares') (the 'A' Options) and at the same 
time, will grant nominal cost options to acquire Shares to the trustees of the 
Sterling Energy Plc Employee Benefit Trust (the 'EBT') (the 'B' Options). The 
trustees of the EBT have indicated their agreement to make awards to the directors 
of reversionary interests, which will initially be represented by the B Options.

Subject to the trustees exercising their discretion the combined awards under the 
A and B Options will be as follows:

+------------------+------------------------+-----------------------------------------------+
|Director          |Face value of the award |Maximum number of shares awarded under the LTIP|
+------------------+------------------------+-----------------------------------------------+
|                  |                        |                                               |
+------------------+------------------------+-----------------------------------------------+
|Jonathon Cooper   |                £400,000|                                      4,200,000|
+------------------+------------------------+-----------------------------------------------+
|Andrew Grosse     |                 £75,000|                                        800,000|
+------------------+------------------------+-----------------------------------------------+
|Graeme Thomson    |                 £94,000|                                      1,000,000|
+------------------+------------------------+-----------------------------------------------+











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