World Mining Services Ltd
LSE : WMSP

May 15, 2009 02:00 ET

Directors? Dealings and Warrants Exercised

                                                                                                    15 MAY 2009
                                                                                                               
                                          World Mining Services Ltd.
                                                       
                                                 (PLUS: WMSP)
                                                       
                                  Directors' Dealings and Warrants Exercised
                                                       
World  Mining  Services  Ltd  ("WMS" or "the Company"), the Isle of Man based resource  sector  technology  and
service's company announces today that Mr. Mark Edey, an early investor of Afri-Pal, a 50% subsidiary  of  WMS,
has  transferred  his  entire  holding  of 4,726,970 Ordinary Shares  of  the  Company  to  Southwood  Partners
("Southwood"),  a  consultancy  firm in which Mr. Jeff Michel director of WMS is  a  director  and  substantial
shareholder.  Southwood acts as an uncompensated intermediary in order that the shares can be placed  out  into
the  market.  The Company has further been advised that Aureum Investments Ltd has acquired 4,000,000  Ordinary
Shares  at  a  price of 2.5p per share for a total consideration of £100,000. Mr. Dan Vanrenen, a  Director  of
World  Mining Services, is the beneficial owner of Aureum Investments Ltd.  Mr. Mark Edey no longer  holds  any
shares of WMS.

The  net  proceeds  of £100,000 will be used to fund the further growth initiatives of Afri-Pal  via  WMS.  The
remaining  balance  of  726,970 will be held by Southwood Partners for the explicit use and  benefit  of  World
Mining Service Ltd.

The  Company  has  also been notified by its registrar that Rivington Street Holdings Plc has exercised  41,666
warrants for 41,666 Ordinary Shares with net proceeds to the Company of £2,499.96. The shares have been  issued
on the 13th May.

Following  these  transactions the Company now has 58,217,538 ordinary shares in issue and  3,291,667  warrants
outstanding. Mr. Jeff Michel directly and indirectly now holds 7,852,402 Ordinary Shares representing 13.49% of
the issued share capital of the Company. Mr. Dan Vanrenen directly and indirectly now holds 11,115,017 Ordinary
Shares  representing  19.09% of the issued share capital. The Directors now hold 35.77%  of  the  issued  share
capital of the Company.

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
Leo Godsall                     Eran Zucker
Leo@rs-cf.com                   Eran@rs-cf.com

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  • World Mining Services Ltd