ARMS.L Regulatory News (ARMS)

19 March 2015

For Immediate Release

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

Recapitalisation Update

Following the Company's announcement dated 18 March 2015, the Company and the informal noteholder group have progressed discussions and reached an in principle agreement on the allocation of principal repayment between the Notes if the Recapitalisation is completed. Terms used herein have the same meaning as defined in the 18 March 2015 announcement.

In respect of the initial $118.75m principal repayment made on a closing:

- $62.47m will be applied in repayment of the 2015 Notes; and

- $56.28m will be applied in repayment of the 2017 Notes

To the extent that BCE or BC is able to obtain a commitment for a revolving credit facility in an amount of up to $50.0m, then an additional $23.75m will be applied in repayment of either the Notes or the New Notes on a pro rata basis to the then outstanding principal amounts.

- ENDS-

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