ARMS.L Regulatory News (ARMS)

25 July 2014

For Immediate Release

Asia Resource Minerals plc ("ARMS" or the "Company")

PT Berau Coal Energy Tbk ("Berau") Bond Refinancing and Production Update.

ARMS announces the launch today by Berau Capital Resources II Pte. Ltd. ("Berau Capital"), a wholly owned subsidiary of Berau, of an offering, pursuant to Regulation S and Rule 144A, of securities in the form of $450m of Guaranteed Senior Secured Notes due 2019, guaranteed by Berau and certain of its subsidiaries; the proceeds of which, subject to successful completion of the offering, will be for the repayment and redemption of Berau's current $450m outstanding 12.5% Guaranteed Senior Secured Notes due 2015.

Amir Sambodo, CEO of ARMS, said: "I am delighted to be able to report to shareholders that our refinancing plans are on track. Optimising Berau's capital structure and reducing our interest costs continues to be a key goal for us in view of the continued weakness in the coal market."

As previously reported, Berau continues to engage with the relevant authorities in Indonesia regarding its production quota for 2014. While the most recent Life of Mine Plan provided for a production tonnage in the current year of 25.75mt, the clear indication from the Indonesian authorities is that they continue to favour a cap on production tonnage. The most recently indicated proposed cap was 22.35mt and we are continuing to negotiate a potential increase to that. We are optimistic that we will be granted a cap that falls within a range between the most recently indicated cap and our most recent life of mine plan. We will update the market in due course when those discussions have concluded.

This announcement is not an offer to purchase, a solicitation of an offer to purchase, an offer to sell or a solicitation of an offer to sell, securities in the United States or Indonesia whereby such offer to purchase will need to be registered with Otoritas Jasa Keuangan (the Indonesia Financial Services Authority) or elsewhere. No securities of the Company or any of its subsidiaries are being, or will be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state of the United States or other jurisdiction and no such securities may be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any applicable state or local securities laws.

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