Sheba Exploration (UK) plc
LSE : SHE

July 22, 2011 09:06 ET

Loan Drawdown

                                                                                                   22 July 2011
                                                                                      GB00B02WHQ80/GBP/PLUS-exn

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

                                                 Loan Drawdown
                                                       
Following  Sheba's announcement on 11 July 2011 in respect of Centamin Egypt Limited's ("Centamin") recommended
cash and share offer for the entire issued and to be issued share capital of Sheba (the "Offer"), the Directors
of  Sheba announce that the Company has now drawn down on the loan facility of £100,000 made available to it by
Centamin.

The Directors of Sheba are responsible for the contents of this announcement.

Enquiries:

Sheba Exploration (UK) Plc
Richard Brooker
Tel: 00 353 87699 8401

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


Contact Information

  • Sheba Exploration (UK) plc