Press releases

Holding(s) in Company

23 October 2008

Change in significant shareholders

The Board of MDM Engineering Group Limited ("MDM" or "the Company") announces that following a board resolution dated 20 October 2008 it was resolved that a proposed transfer, by Amari Resources International Limited ("ARI") of 14,097,198 Common Shares of US$0.01 in the capital of the Company at a price of 145 pence per Common Share to a company under common ownership of Amari Holdings Limited (the parent company of ARI), being Amari Resources Holdings Limited ("ARH"), of which Mark Summers (a director of MDM) is a director, 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 ARH 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 ARI).

Change in significant shareholders (PDF - 13KB)


MDM Engineering Group Limited

Grant Lowman/George Bennett
Tel: +27 11 886 7981

Numis Securities Limited

John Harrison (Nominated Adviser)
James Black (Corporate Broker)
Tel: +44 (0) 20 7260 1000

Pelham Public Relations

Chelsea Hayes
Tel: +44 (0) 20 7743 6675

James MacFarlane
Tel: +44 020 7743 6375

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