RNS Number:4883K
Caspian Holdings plc
21 December 2007

21 December 2007

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

             Export to be cleared to restart in March Quarter 2008

Caspian Holdings Plc (AIM: CSH), the oil and gas production and exploration
Company in the countries around the Caspian Sea, announces that the Central
Commission of Ministry of Energy and Mineral Resource of Kazakhstan has
rescheduled its meeting for the approval of Caspian's key development report.
This has held up the granting of the export quota, and as a result of this it is
estimated that the exports will only be able to recommence in the first quarter
of 2008. This is in contrast to the timing as announced on 15 October 2007.

Michael Masterman, Chairman of Caspian commented: "We are disappointed not to
have our exports back on stream before the end of December, but have been given
assurances that this is a matter of procedure, and we will be in a position to
resume exports early in the New Year. I would like to take this opportunity to
thank our shareholders for their support this year and look forward to making
positive steps for the business in 2008."

                                     -Ends-

Enquiries:

Caspian Holdings Plc    Grant Thornton Corporate Finance      Hoodless Brennan            Parkgreen Communications
                                               

Michael Masterman       Fiona Owen                            Luke Cairns                 Justine Howarth
T: +44 (0) 7791 288381  T: +44 (0) 20 7383 5100               T: +44 (0) 20 7538 1166     T: +44 (0) 20 7851 7480
                                                       
www.caspianoil.co.uk
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                      This information is provided by RNS
            The company news service from the London Stock Exchange

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