RNS Number:2262Y
Caspian Holdings plc
10 February 2006

Caspian Holdings Plc ("Caspian" or "The Company")

10 February 2006

Placing

The Board has today announced that the Company has raised approximately
#1,414,000 before expenses by way of a placing of 7,207,000 new Ordinary Shares
of 0.1 pence each at 20 pence per share ("Placing") which have been placed with
institutions and other investors. The shares are due to be admitted to trading
on AIM on 16 February 2006

Use of Proceeds

The Company has undertaken the Placing to enable the Company to finance its new
drilling program and some initial seismic work as announced on 10 February 2006
and for additional working capital.

Enquiries:
Caspian Holdings Plc      Grant Thornton Corporate Finance
Michael Masterman         Fiona Owen
T: +44 (0) 7791 288381    T: +44 (0) 870 991 2318

Hoodless Brennan          Parkgreen Communications
Luke Cairns               Justine Howarth / Ana Ribeiro
T: +44 (0) 20 7538 1166   T: +44 (0) 20 7493 3713

www.caspianoil.co.uk




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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