Notification of Interest

Aminex PLC
8 March 2002



FOR IMMEDIATE RELEASE


                                   AMINEX PLC

                          ("Aminex" or "the Company")


                      Notification of Significant Interest


Aminex has been advised today that Eurogulf Investments Limited ("Eurogulf") has
acquired 4,800,000 shares in the Company at a price of 28p each, representing an
interest of 6.25% in the Company's share capital.  Eurogulf is based in the
United Arab Emirates, is owned by private interests in the Middle East and has
confirmed that it does not intend to accept the proposed offer of Apple Oil and
Gas Limited ("Apple").

An Extraordinary General Meeting ("EGM") to approve, inter alia, a reduction of
Aminex's capital, thereby permitting a return of approximately 6.9p per Aminex
share (subject to the approval of the Irish High Court) has been convened for
this coming Tuesday, 12 March 2002.  The Board of Aminex urges all shareholders
to vote in favour of all the resolutions to be proposed at the EGM, either by
attending in person or by returning the relevant forms of proxy as directed in
the notice of EGM.  The Board of Aminex also continues to urge shareholders to
take no action in relation to Apple's proposed offer.

Eurogulf Investments has confirmed to Aminex today:

"We are pleased to become significant investors in Aminex and completely support
the management's strategy.  We have no intention whatsoever of accepting Apple
Oil and Gas' proposed offer."

Brian Hall, Chief Executive of Aminex, added:

"I am pleased to welcome Eurogulf as shareholders of Aminex and look forward to
a long and happy association.

"We have yet to see a formal Offer Document from Apple.  To judge from Apple's
statement, it is difficult to see how Aminex shareholders could benefit from
accepting terms that are so clearly self-serving and riddled with uncertainty.
Shareholders ought to be aware that under the terms of Apple's proposed offer,
there is absolutely no guarantee that they would receive any cash at all."

                                                                    8 March 2002


Enquiries:

Aminex PLC                                            [phone]
Brian Hall

Davy Corporate Finance Limited                        [phone]
Hugh McCutcheon

College Hill                                          [phone]
James Henderson
Archie Berens

Dennehy Associates                                    [phone]
Michael Dennehy


Responsibility Statement

The directors of Aminex accept responsibility for the information contained in
this announcement except that the only responsibility accepted in respect of the
information relating to Apple, which has been complied from published sources,
is to ensure that it has been correctly and fairly reproduced and presented.
Subject as aforesaid, to the best of the knowledge and belief of the directors
of Aminex (who have taken all reasonable care to ensure that such is the case),
the information contained in this announcement for which they accept
responsibility is in accordance with the facts and does not omit anything likely
to affect the import of such information.

Davy Corporate Finance Limited, which is authorised to carry on investment
business in Ireland by the Central Bank of Ireland, is acting exclusively for
Aminex and no one else in connection with the offer and will not regard any
other person as its client or be responsible to any person other than Aminex for
providing the protections afforded to clients of Davy Corporate Finance Limited,
nor for giving advice to any such person in relation to the offer.

Davy Corporate Finance Limited has approved the contents of this announcement
solely for the purpose of section 21 of the Financial Services and Markets Act
2000. The principal place of business of Davy Corporate Finance Limited is Davy
House, 49 Dawson Street, Dublin 2, Ireland.



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