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Oxus Mining Plc (OXS)

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Wednesday 19 June, 2002

Oxus Mining Plc

Result of Open Offer

Oxus Mining Plc
18 June 2002

                                   Oxus Mining plc
                 Placing and Open Offer - Results of Open Offer

Oxus Mining plc (the 'Company') announces that the Open Offer of 26,209,863 New
Ordinary Shares, announced on 24 May 2002, closed at 3.00 pm on 18 June 2002. As
at that time, valid applications, including excess applications, had been 
received from qualifying shareholders in respect of 8,649,283 New Ordinary 
Shares. This level of applications represents approximately 33.0 per cent. of
the  26,209,863 shares available under the Open Offer and 68.1 per cent. of the 
12,698,201 shares available after excluding the 13,511,662 new Ordinary Shares 
which certain shareholders undertook not to take up under the Open Offer (such 
shares having been placed firm with institutional and other investors).

The Open Offer shares which have not been taken up by qualifying shareholders
will be placed with institutional and other investors.

As previously announced, admission of the New Ordinary Shares to the 
Alternative Investment Market of the London Stock Exchange is expected to take
place on 25 June 2002.

Enquiries:

Oxus Mining plc                                    Tel:  +44 (0) 1483 714 411
Roger Turner, Chief Executive
Sacha Borthwick, VP Corporate Development & IR

Brown, Shipley & Co. Limited                       Tel:  +44 (0) 20 7606 9833
Bill Staple, Director

Further information can be obtained by visiting the Company's website:

                      www.oxusminingplc.com

The Company can also be contacted by e-mail: oxus@oxus.demon.co.uk.




                      This information is provided by RNS
            The company news service from the London Stock Exchange