Clarification of Holding

Ascent Resources PLC 21 December 2007 Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas Ascent Resources plc ('Ascent' or 'the Company') Clarification of Tiger Resources Investment Ascent Resources plc, the AIM-traded oil and gas exploration and production company, announces that following press speculation to the contrary, Tiger Resource Finance Plc has increased it's shareholding in the Company following the exercise of warrants. On 17 December 2007 notification was received from Tiger Resource Finance Plc that on 14 December 2007 Tiger Resource Finance plc had a total holding of 24,642,857 ordinary shares of 0.1p each in the Company, which represents 8.17 per cent. of the Company's issued ordinary share capital. This figure was an increase on its holding following the exercising of 549,541 warrants at a price of 12 pence per share. * * ENDS * * For further information visit www.ascentresources.co.uk or contact: Jeremy Eng Ascent Resources plc Tel: 020 7251 4905 Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7242 4477 Max Hartley Cenkos Securities plc Tel: 020 7397 8924 Notes Ascent Resources plc has a diversified portfolio of over 20 hydrocarbon exploration and development projects across six countries in Europe: Italy, Switzerland, Hungary, Spain, Slovenia and Netherlands. Ascent's portfolio contains a solid base of field redevelopment projects with selected exposure to exploration upside. The portfolio is focussed on gas and with the exception of the shallow water Netherlands project, all of its projects are located onshore where operating and development costs are substantially lower than they are offshore. This information is provided by RNS The company news service from the London Stock Exchange