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).

Enquiries:

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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