PRESS RELEASE

16 JUNE 2006

Litigation Update

Ramco Energy plc ("Ramco" or the Company)

Ramco is pleased to announce that, following the decision in its favour in the Tenge case in the Texas Court of Appeals last week, yesterday it received confirmation from the Court of Session in Scotland that all inhibitions and arrestments placed on the Company and its assets have been lifted.

The Court of Session also accepted Ramco’s claim for recovery of its expenses in the Scottish proceedings. The amount recoverable will be determined at a future date by the Auditor of Court after detailed review of the expenses by Ramco's law accountants.

Ramco has also presented an uncontested motion to the Texas Court for the return of all share certificates and other documents it had turned over to that Court.

 

ENQUIRIES:

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

College Hill - London
Nick Elwes Tel: 020 7457 2020

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

 

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