Offer by African Resources

Offer by African Resources

Hambledon Mining PLC

Hambledon Mining plc notes the RNS Reach announcement with number 2193Q made by African Resources Limited at 11.42a.m. this morning, 2 November 2012. The full text of that announcement is reproduced below:

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

2 November 2012

Recommended Cash Only Partial Offer

By

African Resources Limited ("African Resources")

for up to 60 per cent.

of

Hambledon Mining PLC (“Hambledon”)

(when aggregated with the Hambledon Shares already held by African Resources and by persons acting in concert with African Resources)

Publication of Partial Offer Document

African Resources announces that the Partial Offer Document, which contains the terms and Conditions of the Partial Offer and the procedures for voting “FOR” and accepting the Partial Offer will be available, subject to certain restrictions relating to persons resident in Restricted Jurisdictions, on Hambledon’s website at www.hambledon-mining.com by no later than 12 noon (London time) today, Friday 2 November, up to and including the end of the Partial Offer Period.

The Partial Offer Document will also be posted to Hambledon Shareholders on Friday 2 November 2012, together with the PINK Voting Form and (in the case of Certificated Shareholders) the BLUE Form of Acceptance, subject to certain restrictions relating to persons resident in Restricted Jurisdictions.

Hambledon Shareholders should note that the Partial Offer is not governed by the City Code on Takeovers and Mergers and accordingly no Rule 8 disclosure wording is included in this announcement.

Defined terms used but not defined in this announcement have the meanings set out in the Partial Offer Document.

Enquiries:

African Resources

Ashar Qureshi Tel: [phone]

Hambledon Mining plc

Charles Zorab, Investor Relations Manager Tel: [phone]

SP Angel Corporate Finance LLP (financial adviser, nominated adviser and broker to Hambledon)

Ewan Leggat/Katy Birkin Tel: [phone]

This announcement is for information purposes only and does not constitute an offer to sell or an invitation to purchase any securities or the solicitation of an offer to buy any securities, pursuant to the Partial Offer or otherwise. The Partial Offer will be made solely by means of the Partial Offer Document and the BLUE Form of Acceptance and PINK Voting Form accompanying the Partial Offer Document, which will contain the full terms and Conditions of the Partial Offer, including details of how it may be accepted and how Hambledon Shareholders may cast their votes “FOR” or “AGAINST” it.

SP Angel, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Hambledon and for no-one else in connection with the Partial Offer and will not be responsible to anyone other than Hambledon for providing the protections afforded to clients of SP Angel nor for providing advice in relation to the Partial Offer.

Overseas Shareholders

The Partial Offer is not being made and will not be made, directly or indirectly, in, into or by use of the mails of, or by any means or instrumentality (including, without limitation, facsimile transmission, telex, telephone, email and other forms of electronic transmission) of interstate or foreign commerce of, or any facility of a national securities exchange of the United States, Canada, Australia, Japan or any other Restricted Jurisdiction where to do so would violate the laws in that jurisdiction, and the Partial Offer will not be capable of acceptance from within a Restricted Jurisdiction, nor will votes be capable of being validly cast “FOR” or “AGAINST” the Partial Offer from within a Restricted Jurisdiction. Accordingly, copies of this announcement, the Partial Offer Document, the BLUE Form of Acceptance, the PINK Voting Form and any other Partial Offer Documentation are not being, and must not be, directly or indirectly, mailed or otherwise forwarded, distributed or sent in, into or from a Restricted Jurisdiction where to do so would violate the laws in that jurisdiction, and persons receiving this announcement, the Partial Offer Document, the BLUE Form of Acceptance, the PINK Voting Form and any other Partial Offer Documentation (including custodians, nominees and trustees) must not mail or otherwise distribute or send them in, into or from such jurisdictions as doing so may invalidate any purported acceptance of the Partial Offer. Any purported acceptance of the Partial Offer resulting directly or indirectly from a violation of these restrictions will be invalid and acceptances of the Partial Offer made by a person in a Restricted Jurisdiction or any agent, fiduciary or other intermediary acting on a non-discretionary basis for a principal giving instructions from within a Restricted Jurisdiction will be disregarded.

The availability of the Partial Offer to Hambledon Shareholders who are not resident in the United Kingdom may be affected by the laws of the relevant jurisdictions in which they are resident. Such persons should read paragraph 9 of Part B of Appendix I to the Partial Offer Document (when published) and inform themselves of, and observe, any applicable legal or regulatory requirements of their jurisdictions.

This communication is not an extension of the Partial Offer into the United States.

Publication on website

A copy of this announcement will be available free of charge on Hambledon’s website at www.hambledon-mining.com by no later than 12 noon (London time) on 5 November 2012 and during the course of the Partial Offer, subject to certain restrictions relating to persons resident in Restricted Jurisdictions.