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Friday 01 November, 2002

MAED Limited

SAR - Oxus Mining Plc

MAED Limited
29 October 2002

                                                        FORM SAR 3


                                       Date of disclosure..28 October 2002..

                 DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING
                   SUBSTANTIAL ACQUISITIONS OF SHARES ('SARs')

                 
Date of acquisition....25 October 2002..................

Acquisition in.........Oxus Mining plc.....................(name of company)


(1) Class of voting shares    Number of shares/rights   If rights over shares
    (eg ordinary shares)      over shares acquired      acquired, as opposed
                                                        to the shares
                                                        themselves, specify
                                                        nature of rights

    ..ordinary.....           ...n/a.........shares 
                            'A' = rights over           'A' = shares contracted
                             20,000,000 shares          to be acquired
                          ............. rights
                            'B' = rights over 5,569,520 'B' = shares currently
                             shares                     to be voted at notifiers
                                                        direction in certain
                                                        circumstances

(2) Resultant total holding   Resultant total holding   Total percentage
    of voting shares (and %   of rights over shares
    of total voting shares    (and % of total voting    34,930,237 shares
    in issue)                 shares in issue)          represent 19.29%

    9,360,717....(5.17%)      25,569,520...(14.12%)    .............(19.29%)


(3) Party making disclosure       MAED Limited (Isle of Man no 066480C)  

(4)  (a)  Name of person acquiring shares or rights over shares MAED LIMITED
          and, if different, beneficial owner   all 25,569,520 shares 
                                                currently owned by Newmont 
                                                Australia Limited and its
                                                subsidiaries 

     (b)  Names of any other persons acting by
          agreement or understanding (see SAR 5)............................


Signed, for and on behalf of the party named in (3) above.
                             

(Also print name of signatory).....Jonathan Kipps...........................

Telephone and extension number.....01624 825721........................

Note. Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person.  Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.

For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs.  If in doubt, contact the Panel on Takeovers and Mergers, Monitoring 
Section, Tel. No: 020 7638 0129.


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