Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

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We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Peter Hambro Mining (POG)

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Tuesday 20 December, 2005

Peter Hambro Mining

Omchak JV Dividend Received

Peter Hambro Mining PLC
20 December 2005

20 December 2005
                     Omchak Joint Venture Dividend Received

Peter Hambro Mining plc ("PHM") announces that the Omchak Joint Venture ("Omchak
JV" or the "JV") has received a cash dividend from the companies constituting
the assets of the JV in an amount sufficient for PHM's interest in the joint
venture to revert back to 50%. The terms of the joint venture agreement provide
for PHM's equity interest in the joint venture to increase if the agreed level
of dividends is not received for the relevant 12 month period. The cash payment
in respect of dividends during 2003 and 2004 was not received and PHM's holding
in Omchak had consequently temporarily increased to 65% from April 2004. As
outlined in the 2004 Annual Report and September 2005 interim results, receipt
of the dividend lowers PHM's 2005 attributable production forecast by
approximately twenty five thousand ounces.

Omchak JV
Omchak JV was formed in July 2003 with PHM contributing US$7.2 million in cash
and the Russian participants contributing their controlling stakes in two
operating gold mines in the Magadan region. In addition to such contribution,
the Russian participants guaranteed a minimum aggregate dividend flow to the
joint venture for 5 years of US$7.2 million with a specific level agreed for
each year from each of the assets. Under the terms of the joint venture
agreement, if such dividend level is not maintained in any one year, PHM's
interest in the joint venture increases proportionately and reverts if the
dividend arrears are paid within the next year. In the absence of a dividend
payment for 2003 and 2004, PHM's interest had risen to 65% and was expected to
rise again in 2005 if no dividend was to be paid. As a result of today's payment
PHM's equity interest in the Omchak JV returns to its original 50%. The net
effect of this payment and movement in ownership on the financial accounts of
PHM, for the period since the JV was formed, is not material since the JV is
accounted for in consolidation.

PHM Group Attributable Production Forecast
Following the cash receipt, PHM's interest in the Omchak JV will not increase
beyond 65% during 2005. The 2005 accounts will equity account for 65% to 19
December 2005 and 50% from this date to the year end. As previously identified
as a consequence of the receipt of the dividend, the result is an approximate
25,000 ounces reduction of PHM's 2005 attributable production forecast to
246,000 ounces. PHM expects to report a 2005 attributable production figure with
the 2005 Group Trading Statement at the end of January 2006.

Alya Samokhvalova, Director of External Communications     +44 (0) 207 201 8900
or Marianna Adams                                 
Peter Hambro Mining

David Simonson or Tom Randell                              +44 (0) 207 653 6620

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

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