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Peter Hambro Mining (POG)

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Thursday 21 July, 2005

Peter Hambro Mining

Directors' dealings

Peter Hambro Mining PLC
21 July 2005


21 July 2005
                              Directors' dealings

On 4 July 2005, it was confirmed that in relation to the US$140m fund raising,
parties connected with Mr Peter Hambro and Dr Pavel Maslovsky, both of whom are
directors of the Company, were entering into stock lending arrangements with
JPMorgan covering a total of 2 million ordinary shares of 1p each of the Company
("PHM Shares"). It has now been agreed that the stock lent under these
agreements is being returned to the parties connected with the Directors and
that the stock lending arrangements will be terminated as soon as reasonably
possible.

The following table shows, in respect of Director participants, the number of
PHM Shares now held by these directors and their associated parties. The totals
below also reflect the directors' dealings announced separately today.

Shareholder                                Resultant holding
                                    ----------------------------------
                                    No. of PHM shares           %
                                    -----------            -----------
Pavel Maslovsky                     19,844,524                 25.13%
Peter Hambro                         6,539,800                  8.28%

The directors of the Company - Mr. Peter Hambro, Dr Pavel Maslovsky and Mr.
Philip Leatham - also confirm that the 2,309,368 PHM Shares sold by them earlier
today were sold at a price of 605p.

Enquiries:

Alya Samokhvalova                                   +44 (0) 20 7201 8900
Investor Relations, Peter Hambro Mining             

David Simonson / Tom Randell                        +44 (0) 20 7653 6620
Merlin




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