Press releases

Change in significant shareholders

6 August 2008

The Board of MDM Engineering Group Limited announces that following a board resolution dated 10 July 2008 it was resolved that a proposed transfer, by Offero Investments Co. Limited ("Offero") of 1,691,356 Common Shares of US$0.01 in the Capital of the Company at a price of 145 pence per Common Share to Offero's subsidiary undertaking, Amari Resources International Limited ("Amari) be deemed a Permitted Acquisition for the purposes of the Company's articles of association (as summarised in the Company's admission document dated 7 May 2008) and that such acquisition would not result in the disenfranchisement of such Common Shares.

Following such transfer Amari will be interested in 37.6% of the issued Common Shares (all of such holding being the subject of a lock-in undertaking on substantially the same terms as that entered into by Amari at the time of Admission of the Common Shares to trading on AIM).


MDM Engineering Group Limited
Grant Lowman
Tel: +27 11 886 7981
George Bennett
Tel: +27 11 886 7981

Numis Securities Limited
John Harrison (Nominated Adviser )
James Black (Corporate Broker)
Tel: 020 7260 1000

Pelham Public Relations (Corporate Broker)
Chelsea Hayes
Tel: +44 (0) 207 743 6675
James MacFarlane
Tel: +44 (0) 20 7743 6375

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