ORE Orogen

RNS Number:8358J
Aricom PLC
13 December 2007


Press Release                                                   13 December 2007


THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION,
RELEASE OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA, THE
RUSSIAN FEDERATION OR THE UNITED STATES


                                   Aricom plc
                   ("Aricom" or "the Group" or "the Company")
                            Result of Vendor Placing


Aricom plc (LSE: ORE, OREW), the Anglo-Russian developer of mineral resources,
today announces that a total of 42,750,000 Placing Shares have been successfully
placed by way of a placing by JPMorgan Cazenove Limited as Sole Bookrunner and
Canaccord Adams Limited and JPMorgan Cazenove (jointly the 'Managers') at a
price of 75 pence per Share, raising approximately �33,062,500 (before expenses)
which will conditionally be paid to the vendors.



                                    - Ends -

For further information:
Aricom plc
Jay Hambro, Chief Executive                                 +44 (0) 20 7201 8939
                                                               www.aricom.plc.uk
Abchurch                                                       
Charlie Jack / George Parker                                +44 (0) 20 7398 7700
                                                          www.abchurch-group.com
JPMorgan Cazenove
Ian Hannam / Patrick Magee / Joe Seifert                    +44 (0) 20 7588 2828
                                                        www.jpmorgancazenove.com
CanaccordAdams Limited
Mike Jones / Robert Finlay / Chris Bowman                   +44 (0) 20 7050 6500
                                                          www.canaccordadams.com


The Placing Shares will be issued credited as fully paid and will rank pari
passu in all respects with Aricom's existing ordinary shares, including the
right to receive all future dividends and other distributions declared, made or
paid after the date of issue of the Placing Shares.

Application will be made for admission of the Placing Shares to the Official
List of the UK Listing Authority and to trading on the Main Market of the London
Stock Exchange. It is expected that Admission will become effective and dealings
in the Placing Shares will commence at 8.00 a.m. on 18 December 2007.

The Placing is conditional, inter alia, upon Admission becoming effective on 18
December 2007 (or such later date as the Joint Bookrunners and Aricom may agree,
being no later than 21 December 2007) and on no force majeure event having
occurred before Admission.

The Placing is not conditional on the acquisition of shares in Lapwing Limited
completing and in the event that such acquisition does not complete on
Admission, the Placing will proceed as a cash placing.  If the acquisition of
shares in Lapwing Limited subsequently does complete, the proceeds will fund
some or all of the cash consideration payable thereunder, failing which it will
be used for other value adding opportunities.

JPMorgan Cazenove are acting as Sole Bookrunner on the Placing.

JPMorgan Cazenove and Canaccord are acting as Joint Lead Managers on the
Placing.

Terms defined in this morning's announcement of the Placing have, unless the
context otherwise requires, the same meanings when used in this announcement.

This announcement does not constitute an invitation to underwrite, subscribe for
or otherwise acquire or dispose of any ordinary shares or warrants in the
capital of the Company ('Aricom Securities'). Past performance is no guide to
future performance and any investment decision to buy Placing Shares must be
made solely on the basis of Publicly Available Information (as defined in the
Appendix to this morning's announcement of the Placing). Persons needing advice
should consult an independent financial adviser who specialises in advising in
connection with shares and other securities.

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States. This announcement is for information
only and does not constitute an offer or invitation to acquire or dispose of
Aricom Securities in the United States. The Aricom Securities 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 in the United States except
pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act. There will be no public offer
of Aricom Securities in the United States, the United Kingdom or elsewhere.

The distribution of this announcement and the offering or sale of the Aricom
Securities in certain jurisdictions may be restricted by law. Further details in
relation to the securities laws in certain jurisdictions are set out under the
heading 'General' in the Appendix to this morning's announcement of the Placing.
No action has been taken by the Company, JPMorgan Cazenove or Canaccord that
would permit an offering of such ordinary shares or possession or distribution
of this announcement or any other offering or publicity material relating to
such ordinary shares in any jurisdiction where action for that purpose is
required. Persons into whose possession this announcement comes are required by
the Company, JPMorgan Cazenove and Canaccord to inform themselves about and to
observe any such restrictions.

No representation or warranty, express or implied, is or will be made as to, or
in relation to, and no responsibility or liability is or will be accepted by
JPMorgan Cazenove or Canaccord or by any of their affiliates or agents as to or
in relation to, the accuracy or completeness of this announcement, or any other
written or oral information made available to or publicly available to any
interested party or its advisers and any liability therefore is hereby expressly
disclaimed.

JPMorgan Cazenove, which is authorised and regulated by the FSA, is acting for
Aricom in connection with the Placing and no one else and will not be
responsible to anyone other than Aricom for providing the protections afforded
to clients of JPMorgan Cazenove nor for providing advice in relation to the
Placing.

Canaccord Adams, which is authorised and regulated by the FSA, is acting for
Aricom in connection with the Placing and no one else and will not be
responsible to anyone other than Aricom for providing the protections afforded
to clients of Canaccord Adams nor for providing advice in relation to the
Placing.



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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