Dana Gas exceeds 2007 production goals in Egypt

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About Dana Gas
Dana Gas (PJSC) is the first regional private-sector natural gas company in the Middle East, established with over 300 reputable founder shareholders from across the Gulf Cooperation Council (GCC) region, and some 300,000 investors from over 100 nationalities worldwide who submitted applications of over US$78 billion over ten days in the company's regional IPO in late 2005.

Headquartered in Sharjah in the UAE and listed on the Abu Dhabi Stock Market (ADSM), Dana Gas already possesses a network of offices in Saudi Arabia, Egypt, the UK, and Canada, with further offices opening throughout the Middle East. Dana Gas currently has assets and projects in gas exploration and production, processing, transportation and marketing in several countries, and aims to play a major role in the rapidly-growing natural gas business throughout the Middle East North Africa (MENA) Region across the entire gas value chain.

In addition to its current projects, Dana Gas will be expanding its activities in all elements of the natural gas value-chain, including upstream exploration and production; through the midstream transmission and distribution of gas including LNG trading; and downstream into gas-related industries and petrochemicals.

For further information please contact Mariam Keblawi/ Wajih Halawa, SAHARA PR on +971-4-329 8996

This press release is not a prospectus or an offering circular but an announcement. Investors should not subscribe for any transferable securities referred to in this announcement except on the basis of information in any prospectus or offering circular to be published by Dana Gas PJSC in connection with this issue. The information contained herein is not for publication or distribution to persons in Australia, Canada, Italy, Japan or the United States. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold without registration there under or pursuant to an available exemption there from In the United Kingdom this announcement is directed exclusively at persons who fall within Article 19 or 49 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and within Article 14 or 22 of the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes)(Exemptions) Order 2001 or to whom this announcement may otherwise be directed without contravention of sections 21 or 238 of the Financial Services and Markets Act 2000. The investments referred to in this announcement shall be issued only to such persons. This announcement is not an offer of securities or investments for sale nor a solicitation of an offer to buy securities or investments in any jurisdiction where such offer or solicitation would be unlawful.