Holding(s) in Company

Alkane Energy plc

("Alkane" or "the Company")

Notification of Major Interest in Shares

The Company has received notification from Hargreaves Hale Limited ("Hargreaves") informing it that they currently hold 6,485,575 ordinary shares of 0.5 pence each in the share capital of the Company ("Ordinary Shares"), representing 5.2% of the voting rights of the Company that currently stands at 123,585,247 Ordinary Shares. No treasury shares are held by the Company.