Clarification of Accounts

RNS Number:3967N
Arko Energy Holdings PLC
10 July 2003

FOR IMMEDIATE RELEASE                                            10 July 2003



                            Arko Energy Holdings plc

                           (the "Company" or "Arko")


Clarification of Status of Supplemental Information included with the audited
financial statements of the Company for the 9 months ended 31 December 2002 
("2002 Audited Accounts")



The Board of Arko wishes to clarify the status of the supplemental information
printed on pages 53 to 88 of the document containing the 2002 Audited Accounts
("Supplemental Information").

The principal difference between the 2002 Audited Accounts and the Supplemental
Information (which was compiled at the request of the Company by K.S. Liu &
Company, C.P.A. Limited and is not audited) is the inclusion of the mining right
referred to in Note 11 on p.71 of the Supplemental Information. In the 2002
Audited Accounts the mining right is given a nil value, whereas in the
Supplemental Information the mining right is included at valuation. The
difference is reflected by an increase in 'Intangible Assets' within the net
assets in the balance sheet, with this increase represented in shareholders'
funds by 'Deferred Income' and an increase in 'Minority Interests' to reflect
the interest of the Company's joint venture partner.

The Board of Arko wishes to make it clear that the Supplemental Information has
been prepared for illustrative purposes only, does not form part of the 2002
Audited Accounts and is not covered by the audit opinion expressed on pages 16
and 17 of the 2002 Audited Accounts.



Enquiries to:

Arko Energy Holdings plc

Clement Leung -  Chief Executive

Tel: [phone]       Email:  [e-mail]



Nabarro Wells Co. Limited, Nominated Adviser

Nigel Atkinson/Robert Lo Tel: [phone]

Email: [e-mail]; [e-mail]


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