Asa Resources Regulatory News (ASA)

24 Apr 2006 09:11

Mwana Africa PLC24 April 2006 APPOINTMENT OF JP MORGAN CAZENOVE AS JOINT BROKER AND OLIVER BARING AS EXECUTIVE CHAIRMAN London, 24 April 2006 - The Board of Mwana Africa plc ("The Board"), thepan-African resource company, is pleased to announce with immediate effect theappointment of JPMorgan Cazenove as its Joint Broker alongside Canaccord AdamsLimited. The Board has also appointed its Non-Executive Chairman, Oliver Baring, as itsExecutive Chairman with immediate effect. Commenting on the announcement, Kalaa Mpinga, Chief Executive Officer of MwanaAfrica, said: "JPMorgan Cazenove has an exceptional track record in the natural resourcesector and a strong presence in international equity markets. We see theirappointment alongside Canaccord as a substantial step forward for the Group. "I am also delighted with Oliver's appointment as Executive Chairman. He has hada great impact on Mwana's formation and evolution thus far, and has outstandingexperience in the sector. His appointment in an executive capacity reflects theconsiderable time and energy he is injecting into his role. We look forward todriving the Group's development ahead together and building the trulypan-African resource company that we have set out to achieve." ENDS Enquiries: Kalaa Mpinga, CEOMwana Africa plc Tel. +44 207 654 5588 Tom Randell or Maria SuleymanovaMerlin Tel. +44 207 653 6620 This information is provided by RNS The company news service from the London Stock Exchange