30 April 2012

Alkane Energy plc

("Alkane" or the "Company")

Annual Report & Accounts and Date of Annual General Meeting

The Company confirms that its Annual Report and Accounts for the year ended 31 December 2011 has been sent to shareholders. Copies of the 2011 Annual Report and Accounts are available on the Company's website at www.alkane.co.uk

The Company’s Annual General Meeting will be held at 11.00 a.m. on Tuesday 29 May 2012 at Edwinstowe House, Edwinstowe, Nottinghamshire NG21 9PR. The Notice of the meeting will be posted out to shareholders this week.