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Peter Hambro Mining (POG)

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Monday 07 June, 2004

Peter Hambro Mining

EGM Statement

Peter Hambro Mining PLC
07 June 2004



THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE RUSSIAN FEDERATION OR IRELAND.

                                 Results of EGM
                             Completion of Placing

7 June 2004

Peter Hambro Mining PLC is pleased to announce that at an Extraordinary General
Meeting of the Company ("EGM") held at 12 noon today the resolution proposed in
the notice of the meeting dated 14 May 2004 to authorise the Directors of the
Company to allot relevant securities for cash on a non pre-emptive basis was
duly passed.

Following the passing of the resolution at the EGM, in accordance with the
placing announced on 12 May 2004, the Company has allotted, conditional on
admission, 10,000,000 new ordinary shares to the placees at a price of £4.00 per
share raising £40 million before expenses. Application has been made for the new
ordinary shares to be admitted to trading on AIM. Admission is expected to take
place on 9 June 2004.

The total number of shares of the Company in issue following admission of the
new ordinary shares to AIM will be 73,998,594.

Enquiries:

Peter Hambro                                         +44 20 7201 8900
Executive Chairman

Alya Samokhvalova
Director of External Communications
Peter Hambro Mining plc

Tom Randell                                          +44 20 7653 66 20
Merlin

This announcement shall not constitute or form any part of any offer or
invitation to subscribe for, underwrite or otherwise acquire, or any
solicitation of any offer to purchase or subscribe for, securities including in
the United States.
This announcement does not constitute an offer of securities for sale in the
United States of America. Neither this announcement nor any copy of it may be
taken or distributed into the United States of America or distributed or
published, directly or indirectly, in the United States of America. Any failure
to comply with this restriction may constitute a violation of US securities law.
The securities referred to herein have not been and will not be registered under
the US Securities Act of 1933, as amended (the "Securities Act"), and may not be
offered or sold in the United States or to or for the benefit of US persons
unless they are registered under the Securities Act or pursuant to an available
exemption therefrom. No public offering of securities of is being made in the
United States.
HSBC and Canaccord, each of which is regulated by The Financial Services
Authority, are acting solely for the Company in relation to the Placing. Neither
HSBC nor Canaccord is acting for, or responsible to, any person other than the
Company for providing the protections afforded to customers of HSBC or
Canaccord.




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