RNS Number:1162A
Caspian Holdings plc
21 March 2006


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

21 March 2006

                                    Placing

Caspian Holdings announces that it has raised approximately #1,890,000 before
expenses by way of a placing of 7,000,000 new Ordinary Shares of 0.1 pence each
at 27 pence per share ("Placing") which have been placed with Harbinger Capital
Partners Master Fund I Ltd. The shares are due to be admitted to trading on AIM
on or around 27 March 2006. The issue is at a premium to the closing price of 20
March 2006 and a 35% premium to the placement that the company made on 10
February 2006.

Use of Proceeds

The proceeds of the Placing will be used to finance and expand the drilling
programme as well as complete seismic work on the Zhegeldy Oil Field and for
general working capital.

Significant Shareholder

Following the Placing, Harbinger Capital Partners Master Fund I, Ltd has a
notifiable interest of 7,000,000 ordinary shares (7.09%) in the issued share
capital of the Company.

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
IOESEEFFFSMSESD
Civitas Social Housing (LSE:CSH)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Civitas Social Housing Charts.
Civitas Social Housing (LSE:CSH)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Civitas Social Housing Charts.