Issue of Equity

Alkane Energy PLC 01 February 2006 ALKANE ENERGY PLC (the Company') 1 February 2006 EXERCISE OF OPTIONS The Company announces that today, following the exercise of share options under the Company's Sharesave 2003 share option plan, it has issued and allotted 61,630 new ordinary shares of 0.5 pence each respectively. The exercise price was 9.2p per share. The issued ordinary share capital of the Company is now 91,318,773 ordinary shares of 0.5 pence each. Application will be made for the new ordinary shares to be admitted to AIM as soon as practicable. ENDS This information is provided by RNS The company news service from the London Stock Exchange
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