Cove Energy plc (“Cove Energy or the “Company”) announces that on 6 February 2009, it received notification from Brian Barrett, a director of the Company, that on 6 February 2009 he exercised options with an exercise price of Stg5.0p over 80,000 ordinary shares of Stg1.0p each in the capital of the Company (“Ordinary Shares”).

Application has been made to the London Stock Exchange and the Irish Stock Exchange for the new Ordinary Shares to be admitted to trading on the AIM Market and the IEX Market.

Following this exercise the issued share capital of the Company has increased to 22,348,334. 195,000 share options are issued but not exercised.

Following the above exercise, Brian Barrett has a beneficial interest in 80,000 Ordinary Shares.

For further information please contact:

Michael Nolan, Director + 353 87 242 9221