Share Price Suspension

Gasol plc ('Gasol' or 'the Company')

Gasol plc (AIM: GAS), the company formed to capitalise on acquisition and investment opportunities in the oil and gas sectors, notes that, following the London Stock Exchange's decision to suspend a number of AIM cash shells, trading has today been suspended in the Company's ordinary shares.

Gasol has made significant progress during the past few months in the delivery of its strategy of identifying and acquiring assets in the oil and gas sectors. On 1 February 2006 the Company announced that it had narrowed its strategic focus to the exploitation of liquefied natural gas (LNG) opportunities in the Gulf of Guinea region of West Africa and that it had successfully raised an additional £3 million before expenses in a placing.

Following its decision to focus on LNG opportunities, the Company is pleased to report that it is currently in negotiations with an LNG focussed business in West Africa with the view to the Company acquiring an interest in the business. It is also pursuing further opportunities in line with its strategy.

Accordingly, the Company hopes to be in a position to announce a transaction shortly. Once such a transaction is signed, the Company will seek to raise the additional funds from existing and new institutional investors necessary to support its investment program and will publish a new Admission Document to allow the Company's shares to resume trading on AIM.

Haresh Kanabar, Gasol's Chief Executive, commented: "The progress made in the negotiations towards our first investment and the related fundraising give us confidence that the Company will be able to seek resumption in the trading of its shares as soon as possible."

For further information:

Gasol plc
Haresh Kanabar, Chief Executive
+44 (0)20 7297 0010

Panmure Gordon & Co
Edward Farmer
Katherine Roe
+44 (0)20 7459 3600

Buchanan Communications
Mark Court
James Strong
+44 (0)20 7466 5000

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