Update re Acquisition

White Nile Limited 18 February 2005 White Nile Ltd ('White Nile' or 'the Company') Acquisition of oil assets and request for suspension - update On 16 February 2005 it was announced that White Nile Limited had concluded an agreement with the Government of South Sudan, through its national oil company Nile Petroleum Company Limited, to acquire a 60 per cent. interest in the 67,500 sq km Block Ba, which contains part of the Muglad basin in South Sudan. The directors of White Nile requested a temporary suspension of trading on AIM of the Company's shares pending the publication of full information in respect of the transaction which it anticipated doing by the end of Friday 18 February. The Company has not yet been able to prepare such information and a further update will be provided next week. This information is provided by RNS The company news service from the London Stock Exchange