PRESS RELEASE

10 AUGUST 2004

RAMCO ENERGY PLC ANNUAL GENERAL MEETING

Ramco Energy plc (Ramco), the Aberdeen based exploration and production company, held it's Annual General Meeting (AGM) today in Aberdeen with all resolutions passed unanimously.

Acting Chairman, Peter Everett, confirmed that the ongoing technical review on the Company's Seven Heads Gas Field in the Celtic Sea was nearing completion but that summarised findings from the review would not be announced until the end of August 2004 at the earliest.

In the meantime, the Company is in discussions with third parties who are interested in participating in its Irish interests, including the Seven Heads field. Furthermore, there are on-going third party discussions on the possible farm-out of some of the other exploration projects in the Company's portfolio.

ENQUIRIES:

Ramco Energy - Aberdeen
Steven Bertram, Group Financial Director Tel: 01224 352 200

Ramco Energy plc
62 Queen's Road
Aberdeen
AB15 4YE
United Kingdom
Tel: +44 1224 352 200
Fax: +44 1224 352 211