Loan Note Conversion

Gasol plc (AIM: GAS), the company formed to capitalise on acquisition and investment opportunities in the oil and gas sector, is pleased to announce that Synergy Asset Management Ltd has decided to convert £630,000 of loan notes issued on 31 January 2006 into 12,600,000 ordinary shares of 0.5p each in the Company at the previously agreed conversion price of 5p per ordinary share.

Synergy Asset Management's resultant holding will be 12,600,000 ordinary shares, representing 8.8 per cent of the Company's issued share capital.

For further information:

Gasol plc
Haresh Kanabar, Chief Executive
+44 (0)20 7297 0010

Buchanan Communications
Mark Court
James Strong
+44 (0)20 7466 5000

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