Amedeo Resources Regulatory News (AMED)

3 March 2014

Amedeo Resources plc

("Amedeo" or the "Company")

Subscription and Placing

Amedeo Resources plc (AIM: AMED), an investment company focussed on the resources and resources infrastructure and asset sectors, announces that it has raised a total of approximately £5.2 million, through a subscription and a placing.

Approximately £3 million (US$5 million) has been raised by way of a subscription for 300,480,769 new ordinary shares of 0.1p each in the capital of the Company (the "Subscription Shares") at a price of 1 pence per Subscription Share (the "Subscription") by Mena Global Investments 1 Limited ("Mena"), a fund based in Malaysia.

In addition, the Company has raised, conditional inter alia, upon the Subscription £2.2 million by way of a placing of 221,283,800 new ordinary shares of 0.1p each in the capital of the Company (the "Placing Shares") at a price of 1 pence per Placing Share (the "Placing") with institutional and other investors.

The proceeds of the Subscription will be used to fund the obligation of YZJ Offshore Engineering PTE Ltd, in which the Company has a 46.5% stake, to pay up fully its stake in the authorised capital of Jiangsu Yangzijiang Offshore Engineering Co Ltd, a new offshore rig building yard. The proceeds of the Placing will be applied towards incremental working capital for expanding the activities of MGR Resources PTE Ltd ("MGR"), the wholesale trader of ferrous metals and ore, in which Amedeo has a 49% stake.

The Placing Shares and the Subscription Shares will, when issued, rank pari passu in all respects with the existing ordinary shares of the Company. Application has been made to the London Stock Exchange for admission to trading on AIM of the Subscription Shares and the Placing Shares ("Admission"). It is expected that Admission will become effective and that dealings in the Placing Shares and the Subscription Shares will commence at 8.00am on 7 March 2014.

Following the issue and allotment of the Subscription Shares and Placing Shares, the Company's enlarged issued ordinary share capital will comprise 3,265,384,202 ordinary shares of 0.1p each ("Ordinary Shares") with voting rights ("Enlarged Share Capital"). The Company does not hold any Ordinary Shares in treasury. This figure of 3,265,384,202 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Following the completion of the Subscription and the Placing, Mena will be interested in a total of 300,480,769 Ordinary Shares, which equates to approximately 9.2% of the voting rights in the Enlarged Share Capital.

The Placing was conducted by Daniel Stewart & Company Plc and Beaufort Securities Limited.

**ENDS**

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Notes

Amedeo Resources plc is an investment company whose policy is to invest principally, but not exclusively, in the resources and resources infrastructure and asset sectors. Amedeo has a deep and broad global network and wide contact base in these sectors, including in East and South East Asia and the Middle East which it leverages to source and make investments. These sectors exhibit high growth and are strategically important. Amedeo is a proactive investor which assists its investee companies to grow by providing investment, expertise and contacts.