Director Shareholding-Amend

Regal Petroleum PLC 20 February 2004 The following replaces the Director Shareholding announcement released on Friday 6 February 2004 15:42 under RNS Number 1320V: The Company was notified on 6 February 2004 that Mr V F Timis, the Executive Chairman of the Company, has today purchased 150,000 ordinary 5p shares of the Company ('Ordinary Shares') at a price of 237p per Ordinary Share. As a result of this purchase, Mr V F Timis has a beneficial interest in 8,030,887 Ordinary Shares representing 7.92 per cent. of the Company's share capital. The amended text is below: Immediate Release 20 February 2004 Regal Petroleum plc ('the Company') Correction - Director's Shareholding The Company hereby issues a correction to an announcement by the Company on 6 February 2004 notifying a purchase of 150,000 ordinary 5p shares of the Company ('Ordinary Shares') by Mr V F Timis, the Executive Chairman of the Company. It was incorrectly stated that as a result of this purchase, Mr V F Timis has a beneficial interest in 8,030,887 Ordinary Shares representing 7.92 per cent. of the Company's share capital whereas Mr V F Timis currently has a beneficial interest in 8,680,887 Ordinary Shares representing 8.57 per cent. of the Company's share capital. 20 February 2004 For further information, please contact: Regal Tel: 020 7647 6622 Stephen West, Company Secretary Buchanan Communications Tel: 020 7466 5000 Bobby Morse This information is provided by RNS The company news service from the London Stock Exchange