Offer Talks

16 July 2009

SNR announces that the company has entered into talks with Johannesburg Stock Exchange listed Absolute Holdings Limited (JSE: ABO), which may or may not lead to an offer being made for Absolute Holdings Limited. The talks are at an early stage. A further announcement is expected to be made in due course.

For further information, please contact:

Strategic Natural Resources plc
David Nel, Chief Executive Officer
+27 (0) 41 374 0842
Jeremy Metcalfe, Communications Director
+44 (0)7785 346 718

Nominated Adviser and Joint Broker - Allenby Capital Limited
Nick Naylor / Alex Price / James Reeve
+44 (0) 20 3328 5656

Joint Broker - SP Angel Corporate Finance Limited

Emin Eyi / Tercel Moore
+44 (0) 207 647 9646

FTI Consulting
Ben Brewerton / Georgia Mann 
+44 (0)207 831 3113

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