Last checked at 4 Dec 2008 13:47
| For Immediate Release | 4 December 2008 |
ANGLO ASIAN MINING PLC
('Anglo Asian' or 'the Company')
AWARD OF OPTIONS
Anglo Asian Mining PLC (AIM: AAZ), the gold and copper development company with projects in Azerbaijan, announces the award of the following options:
| Vesting Date | |||||
| Director/Employee | Number of Options Awarded | March 2009 | September 2009 | March 2010 | December 2010 |
| Khosrow Zamani | 550,000 | 150,000 | 200,000 | 200,000 | |
| Farhang Hedjazi | 500,000 | 150,000 | 200,000 | 150,000 | |
| Mehrdad Etemad | 450,000 | 150,000 | 100,000 | 100,000 | 100,000 |
| Andrew Herbert | 150,000 | 50,000 | 50,000 | 50,000 | |
| Abdul Ahmadov | 200,000 | 50,000 | 100,000 | 50,000 | |
| Total | 1,850,000 | 550,000 | 650,000 | 550,000 | 100,000 |
The above options are awarded over Ordinary Shares of 1p each at an option price of 4.75p per share and have an expiry date of 2 December 2018. There is no performance criteria related to the award of these options.
-Ends-
For further details, please contact:
| Anglo Asian Mining PLC | |
| Khosrow Zamani, Chairman | +90 5558551943 |
| Reza Vaziri, Acting Chief Executive | +994 12 5963350 |
| Andrew Herbert, Chief Financial Officer | +994 12 5963350 |
| Numis Securities Limited | |
| John Harrison, Nominated Adviser | +44 20 7260 1000 |
| James Black, Corporate Broking | |
| Parkgreen Communications | +44 20 7993 8780 |
| Sue Scott |