Company Information for Aricom plc

www.aricom.plc.uk

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Company Statement

Aricom was formed in late 2003 in order to develop the Kuranakh ilmenite and titanomagnetite deposit, situated in the north west of the Amur Region, in Russia’s Far East. This deposit was acquired in December 2003 from Peter Hambro Mining plc, the gold mining company.

Aricom develops mineral assets in Russia's far east, with a focus on ilmenite and iron ore for the high growth markets of China. The geology and geography of our assets combined with the supporting infrastructure and strong management team, means that Aricom is poised to meet the future challenges of growth.

Today, Aricom owns, or has the right to acquire, interests in five projects in the Far East of Russia and China – the Kuranakh and Bolshoi Seym iron ore and ilmenite deposits in the Amur Region, Garinskoye, K & S iron ore deposits in the Evreyskaya Avtonomnaya Oblast (EAO) and the potential Titanium Sponge Plant in North East China.

The company is headquartered in London, with a board of directors composed of UK and Russian citizens. The key shareholders are Mr. Peter Hambro and Dr. Pavel Maslovskiy, the founders of Peter Hambro Mining plc, and large institutional investors.

Aricom’s shares are traded on the London main market.

Current Operations

Our five key operations provide Aricom with a firm base from which champion Anglo-Russian industrial commodities. Our joint venture with Chinalco combined with the Bolshoi Seym and Kuranakh operations gives us a focus on titanium. The recent acquisition of K&S and Garinskoye have diversified our focus and given us access to some of the most exciting undeveloped iron ore reserves in the world.

Kuranakh
LLC Olekminsky Rudnik, the 100 per cent owned subsidiary of Aricom, holds the licence for the exploration and development for the Kuranakh Ilmenite and Titanomagnetite deposit in the north west of the Amur Region. The licence covers an area of 85km2 and was explored extensively both during the Soviet era and subsequently by Aricom.

K & S
In April 2006 Aricom acquired an option to purchase 50 per cent of LLC Rubicon which holds the licences to develop the Kimkanskoye and Sutarskoye iron ore deposits. The licences over the two deposits were granted to Rubicon in February 2006 and have a term of 20 years, which is extendable.

Garinskoye
In October 2006 Rosnedra (a department of the Ministry of Mineral Resources, Russian Federation) initiated a tender for the licence to ‘mine iron ore on the Garinskoye deposit’.

Bolshoi Seym
In February 2006 Aricom entered into a non-binding agreement with Timia, a company related to Interros, who are the major shareholder in OJSC Norilsk Nickel. The agreement allowed for the establishment of a new holding company for Ural Mining, the company that owns the licence to develop the Bolshoi Seym deposit. The holding company would be 49 per cent owned by Aricom and 51 per cent owned by Timia with Aricom appointing the General Director of Ural Mining.

Titanium Sponge Plant
In June 2006 Chinalco, the largest nonferrous metal company in China and owner of China’s largest titanium metal processing plant, signed a Memorandum of Understanding with Aricom for the design and development of a titanium sponge production plant in China.

Geographical Spread

Aricom

Board of Directors and Key Management

Dr. Pavel Maslovskiy	Non-executive Chairman
Jay Hambro	Chief Executive
Peter Hambro	Deputy Chairman
Sir Malcolm Field	Senior Non-Executive Director
Brian Egan	Finance Director
Martin Smith	Technical Director
Yuri Makarov	Executive Director
Sir Roderic Lyne	Non-Executive Director

Company Address

10-11 Grosvenor Place
London, United Kingdom SW1X 7HH


Telephone:	+ 44 20 7201 8939
Facsimile:	+ 44 20 7201 8938
Email:	info[at]aricom.plc.uk
Website:	http://www.aricom.plc.uk

Capital

The number of ordinary shares in issue is 1,119,069,960

Year End

31 December

Nominated Brokers

Canaccord Adams Limited
7th Floor,
Cardinal Place,
80 Victoria Street,
London
SW1E 5JL

Nominated Advisors

Canaccord Adams Limited
7th Floor,
Cardinal Place,
80 Victoria Street,
London
SW1E 5JL

JPMorgan Cazenove Limited
20 Moorgate
London
EC2R 6DA

Major Shareholders

Dr. Pavel Maslovsky	24.58%
Merrill Lynch Investment Management Ltd	12.07%
Lansdowne Partners	9.84%
Mr. Peter Hambro	8.97%
Capital Research and Management Co.	4.87%
Credit Suisse Luxembourg	3.32%
As at 21.03.2006

Most Recent Statement

22/04/09 - Recommended Offer by Peter Hambro Mining Plc
31/03/09 - Results of Court Meeting and EGM
20/03/09 - Second Price Monitoring Extn
20/03/09 - Price Monitoring Extension
09/03/09 - Posting of SchemeDoc; Convening ShareholderMeeting
27/02/09 - Intended Proposals to Aricom Warrant Holders

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