Investment in Central Asian Minerals and Resources (3110O)

TIDMEVOL

RNS Number : 3110O

Evolve Capital PLC

15 September 2011

For immediate release 15 September 2011

Evolve Capital plc

("Evolve" or the "Company")

Investment in Central Asian Minerals and Resources plc

The Board of Evolve notes the announcement released earlier today by Central Asian Minerals and Resources plc ("CAMAR") providing details of certain notifiable interests in CAMAR's issued share capital. This follows a recent placing of new ordinary shares by CAMAR that raised GBP4.4 million (before expenses) for the Company at a price of 65 pence per unit, with a unit comprising one share and one warrant entitling the holder to subscribe for one share at 65p (the "CAMAR Placing").

Evolve has invested GBP500,000 in CAMAR through the subscription of 769,231 units in CAMAR. Following completion of the CAMAR Placing, Evolve are interested in 885,895 ordinary shares in CAMAR representing 5.30 per cent. of CAMAR's enlarged issued share capital and hold 769,231 warrants.

CAMAR is a PLUS-listed company which was established as an investment vehicle in 2009 to identify investment opportunities within the minerals and resources sector principally within the developing countries of Central Asia. In April 2011, CAMAR completed the acquisition of Gulf International Minerals Limited ("Gulf UK"), the joint owner of the Joint Tajik-Canadian Limited Liability Company "Aprelevka" ("Aprelevka"). Aprelevka is licensed to operate and is currently operating the Aprelevka gold mine in Tajikistan. CAMAR is now focused on determining the level of the additional resources believed to exist within the license areas and generally progressing the development of Aprelevka. The net proceeds from the CAMAR Placing will be used by CAMAR to expand the Company's gold production profile in Tajikistan.

The full text of the announcement released by CAMAR earlier today is set out below.

For further information please contact:

Evolve Capital plc

Oliver Vaughan, Chairman Tel: 020 7937 4445

Allenby Capital Limited

Nick Naylor/Nick Athanas Tel: 020 3328 5656

15 September 2011

IM00B61FM981

Central Asian Minerals and Resources PLC

("CAMAR" or the "Company")

Shareholder Notification

Following the recent placing by Central Asian Minerals and Resources PLC (PLUS: CMRP) of 6,734,008 new ordinary shares of no par value in the Company ("Ordinary Shares"), the Company is aware of the following interests representing 3 per cent or more of the Company's issued share capital:

 
                           Number of Ordinary 
 Shareholder                     Shares         % of Issued Share Capital 
 Lynchwood Nominees 
  Limited                      4,703,575                  28.16 
 Gulf International 
  Minerals Ltd                 4,188,087                  25.07 
 Chase Nominees Limited        2,100,000                  12.57 
 Evolve Capital Plc             885,895                   5.30

Of the 4,703,575 Ordinary Shares held by Lynchwood Nominees Limited, 1,673,077 (representing 10.01 per cent of the Company's issued share capital) are beneficially owned by Augsburg Investments Limited and 1,673,077 (representing 10.01 per cent of the Company's issued share capital) are beneficially owned by Como Holdings Ltd. A further 166,667 Ordinary Shares are beneficially owned by Peter Zihlmann, a Director of the Company. The remaining Ordinary Shares are held by Lynchwood Nominees Limited as nominee for a number of other shareholders, none of which is believed to have a beneficial interest of 3 per cent or more in the Company.

In addition to the 166,667 Ordinary Shares held by Lynchwood Nominees Limited, Peter Zihlmann is deemed to be interested in the 2,100,000 Ordinary Shares held by Chase Nominees Limited, as the beneficial owner of these shares is The Timeless Precious Metal Fund SICAV P.L.C ("Timeless"). Peter Zihlmann is a shareholder and manager of P. Zihlmann Investment Management AG, which is the Investment Manager of Timeless and holds all the voting shares in Timeless. Peter Zihlmann is also Chairman of Timeless.

Oliver Vaughan, Chairman of the Company, is deemed to be interested in the 4,188,087 Ordinary Shares held by Gulf International Minerals Ltd and the 885,895 Ordinary Shares held by Evolve Capital plc as he is a director of both of those companies.

The Directors of CAMAR are responsible for the contents of this announcement.

Enquiries:

Central Asian Minerals and Resources PLC 01624 679 000

Christine Melian or John Leech

St Helens Capital Partners LLP 020 7368 6959

Mark Anwyl or Duncan Vasey

Threadneedle Communications 020 7653 9855

Laurence Read

This information is provided by RNS

The company news service from the London Stock Exchange

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