MAJOR SHAREHOLDERS

The total number of ordinary 5p shares in issue is 38,626,987.
The major shareholders are as follows.

S Lampe (LC Capital Master Fund) 21.73%
T Anderson (Non-Executive Director) 20.42%
E K Brown (Director) 9.69%
Other Directors 0.69%
Directors (total) 52.53%
Ramco Hibernia Limited
(wholly owned subsidiary of SeaEnergy PLC)
32.95%
K Anderson 3.98%
Shares not in public hands (total of the above) 89.46%

The company holds no shares as treasury shares.