Sale of Shares

Westmount Energy Limited 30 September 2005 30 September 2005 Westmount Energy Limited Regulatory Announcement Westmount Energy Limited raises £8 million from the sale of shares Westmount Energy Limited ('Westmount'), the AIM quoted energy investment company, announces that it has realised £8 million before expenses from the sale of 40 million ordinary shares in Sterling Energy plc ('Sterling'). This represents a net surplus of approximately £3.2 million, after taking into account the cost of the shares in September 2003 and the expenses associated with the sale. Commenting on the sale Derek Williams, Chairman of Westmount said 'I have been very pleased with the progress of Sterling and have every confidence in its prospects and management. However, our total holding of 70 million ordinary shares acquired on the sale of our West African assets to Sterling in 2003 has become too dominant in our portfolio, being almost equivalent to our entire current market capitalisation. Our policy has always been to invest at an early stage in a companys' development and to realise part of our financial investment when appropriate, as we have in the past. We intend to hold our remaining 30 million ordinary shares in Sterling, representing 2.15% its the issued share capital, for the foreseeable future. With such a large cash balance, Westmount will now examine ways to return funds to shareholders, whilst retaining the flexibility to make further investments'. Further details of such arrangements will be announced in due course. Westmount Energy Limited Tel: 01534 814 209 Derek G Williams, Chairman Oriel Securities Limited Tel: 020 7710 7600 Andrew Edwards Scott Richardson Brown This information is provided by RNS The company news service from the London Stock Exchange