World Mining Services Ltd
LSE : WMSP

November 26, 2008 04:36 ET

Trading Update and Sale of Shares

                                                                                              26/11/08
                                         World Mining Services
                                             (PLUS: WMSP)

                                   Trading Update and Sale of Shares

World Mining Services Ltd ("WMS" or "the Company"), the Isle of Man based resource sector technology
and service's company is pleased to provide a trading update for the period since admission to PLUS.

Afri-Pal
Since admission to PLUS the company has primarily focused on the delivery and operation of its Afri-
Pal project.

Further to the announcement of 17th October 2008 the Polish coal briquetting project Afri- Pal has now
installed a specialized packaging facility enabling Afri- Pal to package coal briquettes for regular
retail sale in quantities of twelve and six.

Chairman of WMS Jeff Michel commented, "Getting the specialized packaging machine will help Afri-pal
service retail demand for product. The distributors wanted a packaging solution that permitted our
products to placed prominently in their stores and facilities in a way that the customer could readily
identify the product. Further this the packaging permits for clean handling, and if stored outside it
will protect the product from snow or water maintaining the integrity of the product."

Afri-Pal will now be able to target both retail and wholesale distributors to sell its coal
briquettes.

Further to this Afri-Pal has also begun to provide coal brokering services, commercial coal screening
and industrial crushing.

Minex
The Company retains its 10 % share holding the Minex Technologies Limited. The Minex process is still
in the development phase. The Company is a passive investor.

True North
True North is the 100% owned subsidiary of the Company and provides geological drilling services,
excavation services for mineral trenching, geophysical services, claim staking and line to mining
companies.

Further to this the Company has been advised that David Hume a director of Afri-pal, has transferred
his entire holding of 4,726,970 ordinary shares which represent 8.6% of the issued share capital of
the Company to Southwood Partners to act as an uncompensated intermediary in order that the shares can
be placed out into the market. The Company has further been advised that Wills & Co Limited have
acquired the 4,726,970 shares at a price of 2.5p per share for a total consideration of £118,174.25.
The net proceeds of £118,174.25 will be used to fund the further growth initiatives of Afri-Pal via
WMS.

Post this arrangement the largest shareholders of WMS will be as follows:

Fundy Minerals Ltd - 49.52%,
The Directors of the Company - 25.84%
Mark Edey - 8.6%
Wills & Co - 8.6%

David Hume no longer holds any shares of WMS.

The Directors of the Company accept responsibility for this announcement.

                                               --ENDS--

Enquiries:

World Mining Services Ltd                                        Tel: 0207.669.4479
Jeff Michel
Email: info@worldmining.co.uk


Rivington Street Corporate Finance Ltd.                          Tel: 0207.562.3389
Monisha Varadan                            Leo Godsall
Monisha@rs-cf.com                          Leo@rs-cf.com



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  • World Mining Services Ltd