ORE Orogen

    RNS Number : 4422L
  Peter Hambro Mining PLC
  09 January 2009
   

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OF ANY SUCH JURISDICTION

    9 January 2009

    Peter Hambro Mining - statement regarding possible offer for Aricom

    Peter Hambro Mining Plc ("Peter Hambro Mining") notes the announcement made today by Aricom plc ("Aricom") confirming that it is in
preliminary discussions with Peter Hambro Mining which may or may not lead to an all share offer being made by Peter Hambro Mining for
Aricom.

    Peter Hambro Mining confirms that it is in preliminary discussions with Aricom regarding a possible offer by Peter Hambro Mining for the
entire issued share capital of Aricom. The consideration for any such offer would comprise shares in Peter Hambro Mining. The discussions
are at a very preliminary stage and there is no certainty that any offer will be made or, if such an offer is forthcoming, the terms of such
offer.

    Dealing Disclosure Requirements 

    Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any person is, or becomes, "interested" (directly or indirectly)
in 1% or more of any class of "relevant securities" of Peter Hambro Mining or of Aricom, all "dealings" in any "relevant securities" of that
company (including by means of an option in respect of, or a derivative referenced to, any such "relevant securities") must be publicly
disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement
will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn
or on which the "offer period" otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal
or informal, to acquire an "interest" in "relevant securities" of Peter Hambro Mining or Aricom, they will be deemed to be a single person
for the purpose of Rule 8.3.

    Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant securities" of Peter Hambro Mining or of Aricom by Peter
Hambro Mining or Aricom, or by any of their respective "associates", must be disclosed by no later than 12.00 noon (London time) on the
London business day following the date of the relevant transaction.

    A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed, and the number of
such securities in issue, can be found on the Takeover Panel's website at http://www.thetakeoverpanel.org.uk

    "Interests in securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in
the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of
securities, or by virtue of any option in respect of, or derivative referenced to, securities.

    Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether
or not you are required to disclose a "dealing" under Rule 8, you should consult the Panel.

    United States

    This announcement does not constitute an offer or invitation to subscribe for or purchase any securities for sale in the United States
or any other jurisdiction. Securities in respect of the proposed capital increase may not be offered or sold in the United States absent
registration or an exemption from registration. The securities in respect of the proposed capital increase have not been and will not be
registered under the Securities Act of 1933 or under the securities laws of any state of the United States. Peter Hambro Mining does not
intend to make a public offering of securities in the United States.

    Disclosure by Peter Hambro Mining in accordance with Rule 2.10 of the Code

    In accordance with Rule 2.10 of the Code, Peter Hambro Mining confirms that its current issued share capital at close of business on 9
January 2009 consists of 81,155,052 ordinary shares of 1 pence ("Ordinary Shares"). Peter Hambro Mining does not hold any Ordinary Shares in
treasury. The International Securities Identification Number for the Ordinary Shares is GB0031544546.

    There are also in issue US$140,000,000 7.125 per cent guaranteed convertible bonds due 2010 guaranteed by Peter Hambro Mining and
convertible into Ordinary Shares (the "Convertible Bonds"). The International Securities Identification Number for the Convertible Bonds is
XS0224133099.


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