Sheba Exploration (UK) plc

August 08, 2011 11:07 ET

Offer Closed

                                                                                                  8 August 2011

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

                                                 Offer Closed
Set out below is an extract from an announcement issued today by Centamin Egypt Limited.

"Further  to the announcement made on 29 July 2011, the Board of Centamin Egypt Limited ("Centamin")  announces
that  Centamin's recommended offer (the "Offer") for the entire issued and to be issued share capital of  Sheba
Exploration  (UK)  Plc  ("Sheba") closed at 11.00 a.m. (London time) on Monday, 8  August  2011  (the  "Closing

As  at  the  Closing  Time, valid acceptances of the Offer had been received in respect  of  116,249,117  Sheba
ordinary shares, representing approximately 95.64 per cent. of Sheba's issued ordinary share capital..

Centamin intends to exercise its rights pursuant to the provisions of Chapter 3 of Part 28 of the Companies Act
2006  to acquire compulsorily any remaining Sheba ordinary shares in respect of which acceptances have not been
received on the same terms as the Offer."


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