AGM Statement - Replacement

Aminex PLC 20 June 2003 The following amendment has been made to RNS 5214M released at 11:04 on 19 June 2003. The date of the announcement should read 19 June 2003 and not July as originally shown. All other details are unchanged. AMINEX PLC ("Aminex" or "the Company") AGM Statement The following statement was issued by Aminex PLC at the Company's Annual General Meeting held today: "Aminex is focused on its drilling programme over the Nyuni licence offshore Tanzania and on the expansion of its natural gas business in the USA, where high prevailing gas prices being achieved are currently almost double the average price achieved in the year 2002 The company's major drilling project offshore Tanzania is on course and the first well, Nyuni#1, is due be spudded in August. The Dafora F200 rig, to be transported from Romania to Tanzania, has now passed inspection and shipping details are being finalised. Contracts for supplies, equipment and personnel are being negotiated. The Nyuni#1 location, close to the Songo Songo gas field and the major Songas pipeline system, is planned to be drilled to a total depth of 3,050 metres subsea to test the Neocomian formation. In the United States, the Sabine Lake State Tract #8-1 well, originally drilled as a discovery in late 2001, came on production on 10 June following completion of complex production facilities and is currently producing 6 million cubic feet of gas per day and 608 barrels of oil per day on a restricted choke. Aminex has a 10.667% interest in this lease where further drilling is anticipated. Production is restricted at present due to existing pipeline capacity but will be materially increased over the next few weeks. The prospectivity of Tanzania as a hydrocarbon province is gaining increasing attention as large international oil companies begin to negotiate licences in the region. Nyuni #1 will be the first offshore exploration well in Tanzania for twelve years and is a focus of attention in the industry and with the government of Tanzania.. Aminex plans to position itself as a leading oil and gas company in the region. Meanwhile, surging demand for gas in the US finds Aminex with a number of gas prospects under lease and an active drilling schedule." All resolutions at the AGM were passed. 19 June 2003 Enquiries: Aminex PLC +44 (0)20 7240 1600 Brian Hall College Hill +44 (0)20 7457 2020 Phil Wilson-Brown Dennehy Associates +353 1 676 4733 Michael Dennehy This information is provided by RNS The company news service from the London Stock Exchange

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