Clarification of Statement

Aminex PLC 15 March 2002 Aminex PLC ("Aminex" or "the Company") Clarification of Statement Regarding Apple Oil and Gas Limited ("Apple") Further to its announcement dated 14 March, 2002, the Board of Aminex would like to clarify its statement contained therein that "Our shareholders have no guarantee of receiving anything if they accept (Apple's Offer)." The Board of Aminex would like to clarify this statement by stating: "Our shareholders have no guarantee of receiving any cash if they accept Apple's Offer. They would, of course, receive 4 Apple shares for every 11 Aminex shares they hold, which, on the basis of the two companies' respective share prices immediately before Apple announced its intention to make an offer for Aminex, values each Aminex share at 2.36p, less than 10% of their current market value." 15 March 2002 Enquiries: Aminex PLC +44 (0)20 7240 1600 Brian Hall Davy Corporate Finance Limited +353 1 679 6363 Hugh McCutcheon College Hill +44 (0)20 7457 2020 James Henderson Archie Berens Dennehy Associates +353 1 676 4733 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. Davy Corporate Finance Limited has given and has not withdrawn its consent to the issue of this announcement with the inclusion of its advice in the form and context in which it is included. This information is provided by RNS The company news service from the London Stock Exchange