The Board of Regal, having noted the recent movement of its ordinary share price, is aware that there is continuing speculation in the market regarding court proceedings relating to the former joint venture in the Ukraine between Regal and Chernihivnaftogasgeology.

The Board is now able to confirm that the appeal referred to in Regal's “Ukrainian Update” announcement dated 9 September 2005, will be the subject of an appeal court hearing on Thursday, 22 September 2005.

A further announcement will be made once the appeal court ruling has been delivered.

For further information, please contact:

Regal Tel: 020 7408 9500
Roger Phillips, Finance Director 
 
Buchanan Communications Tel: 020 7466 5000
Bobby Morse