Sheba Exploration (UK) plc
LSE : SHE

August 05, 2011 02:00 ET

Board Changes and Notice of Withdrawal from PLUS

                                                                                                  5 August 2011
                                                                                      GB00B02WHQ80/GBP/PLUS-exn

                                          SHEBA EXPLORATION (UK) PLC
                                          ("Sheba" or the "Company")

                               Board Changes and Notice of Withdrawal from PLUS
                                                       
Board Changes

Following  the  announcement on 29 July 2011 that Centamin Egypt Limited's ("Centamin")  recommended  cash  and
share  offer  for  the  entire  issued  and  to be issued share capital  of  Sheba  (the  "Offer")  had  become
unconditional in all respects, Richard Brooker and Gavin Conway have resigned as Directors of the Company  with
effect  from  4  August  2011.  Harry  Michael, Chief Executive Officer of Centamin,  and  Christopher  Aujard,
Centamin's General Counsel, were appointed as Directors of Sheba on 4 August 2011 in their place.

Notice of withdrawal from PLUS

Following  the  Offer  becoming unconditional in all respects, the Directors of Sheba  hereby  give  notice  to
withdraw the Sheba ordinary shares from, and to cancel the admission of the Sheba ordinary shares to, the PLUS-
quoted Market with effect from the close of business on Friday, 19 August 2011.

Enquiries:

Sheba Exploration (UK) Plc
Henry Atkinson
Tel: 00 25 191 1026 502

St Helens Capital Partners LLP
Duncan Vasey/Mark Anwyl
Tel: 020 7368 6959


Contact Information

  • Sheba Exploration (UK) plc