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Pan PacificAggregate (MXO)

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Tuesday 30 May, 2006

Pan PacificAggregate

Issue of Equity

Pan Pacific Aggregates PLC
30 May 2006

30 May 2006

                           Pan Pacific Aggregates Plc

                                Issue of equity

The Board of Pan Pacific Aggregates plc ('PPA' or the 'Company') is pleased to
announce that, pursuant to the subscription agreement entered into on 12
December 2005 between the Company and RAB Special Situations (Master) Fund
Limited ('RAB'), RAB agreed on 26 May 2006 to subscribe for 575,000 Ordinary
Shares at 80p per share, amounting to in aggregate £460,000. Following the issue
of these new Ordinary Shares, RAB will be interested in 13,226,750 Ordinary
Shares representing 20.6% of the issued share capital of the Company.

Application has been made for the admission of the new Ordinary Shares to
trading on the AIM Market of the London Stock Exchange plc and dealings are
expected to commence on 2 June 2006.

The capital raised will provide the Company with additional funds for the
working capital requirements based on phase II of exploration and project
development. These incorporate further resource definition, environmental and
Large Producer permits for the Northern Sechelt Carbonate Project and a bankable
feasibility study.

Enquiries to:

William Voaden, Non-Executive Director                       020 7628 3989

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