Rose Petroleum plc

Vane Holdings attains Plc status and acquires Vane Minerals

17-December-2003

Vane Minerals Limited, the UK operating company of the Vane Minerals Group, has completed a share reorganisation in which a new holding company, Vane Holdings Plc, was created. Vane Holdings Plc acquired the whole of the share capital of Vane Minerals Limited in a share for share exchange transaction.

If you have any investor or media queries, please do not hesitate to contact the directors or Cathy Malins/Justine Howarth of Parkgreen Communications (the company?s appointed financial Public Relations agent) on +44 (0) 20 7493 3713, e-mail cathy.malins@parkgreenmedia.com or justine.howarth@parkgreenmedia.com.