Aspartus Resources plc
LSE : ASPP

September 01, 2011 10:03 ET

Conversion of Loan Notes

                                                     
                                          ASPARTUS RESOURCES PLC
                                         CONVERSION OF LOAN NOTES
                                                     
Aspartus Resources Plc ("Aspartus" or "the Company") is pleased to announce the conversion of the following
convertible loan notes.

-       GBP 18,214.38 of the GBP 20,000 issued on 20 September 2010 and convertible into 18,214,377 ordinary
        shares at a conversion rate GBP0.001 per share.

-       GBP 5,840 issued on 20 September 2010 convertible into 5,840,000 ordinary shares at a conversion
        rate of GBP0.001 per share.

-       GBP 27,500 of the GBP 40,000 issued on 31 May 2011 convertible into 27,500,000 ordinary shares at
        a conversion rate of GBP0.001 per share.
        
As  a result of these conversions 51,554,376 new ordinary shares have been issued and the following will be
interested in more than 3 per cent. or more of the Company's issued ordinary share capital.


 Name                                       Number of Ordinary        % of Ordinary
                                                        Shares               Shares

 Yeo Eng Hock Freddie                               15,900,000                29.9%
 Fung Robert                                         9,000,000                16.9%
 Lee Hew Mun John Fergus                             8,000,000                15.1%
 Ally Assets                                         6,754,376                12.7%
 Chee Teng Hee                                       2,200,000                 4.1%


The beneficial owner of Ally Assets Limited is Martina Ting Siew Ming.
        
The company now has a total of 53,140,957 ordinary shares in issue.


The Directors of the Issuer accept responsibility for this announcement.

1 September 2011

FOR FURTHER INFORMATION PLEASE CONTACT:

Leo Knifton
Aspartus Resources PLC
Finsgate
5-7 Cranwood Street
London
EC1V 9EE

Tel: +44 (0) 20 7309 2280
Fax: +44 (0) 20 7566 0023

Nick Michaels
Alfred Henry Corporate Finance Limited
www.alfredhenry.com



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