Director’s shareholding

Published Tuesday 9th, October 2007.
Article Category: Announcements
SummaryNotification that companies controlled by Michael Stevens acquired 75,500 ordinary shares of 10 pence each.
Article Content
Andes Energia plc
(the “Company”)

Director’s shareholding

The Company today received notification that companies controlled by Michael Stevens (Executive Chairman of the Company) acquired, on that date, 75,500 ordinary shares of 10 pence each (the “Shares”) in the Company in three transactions at the following share prices.

Number of Shares acquired     |     Price per Share

50,000     |     98p
20,500     |     100p
5,000      |     101p

Following the transactions, companies controlled by Mr. Stevens have a direct interest in 6,142,167 Shares, representing approximately 6.09 per cent. of the Company’s issued share capital.

In addition, a company controlled by Mr. Stevens has an indirect economic interest in a further 3.31 per cent. of the Company’s issued share capital.

Enquiries:

Andes Energia plc
Michael Stevens, Executive Chairman T: 020 7495 5326
Nigel Duxbury, Finance Director

Arbuthnot Securities
James Steel T: 020 7012 2000
Antonio Bossi

Bishopsgate Communications
Maxine Barnes T: 020 7562 3350
Nick Rome