NLG.L Regulatory News (NLG)

31 Oct 2005 16:58

31 October 2005 SHARE SALES BY MAJOR SHAREHOLDERS OF NELSON RESOURCES LIMITED The following announcement is required by AIM and London Stock Exchangerequirements and contains information largely disclosed in previousannouncements by the respective parties and in previous filings by NelsonResources.Nelson Resources Limited (the "Company"), as previously announced on October19, 2005, received notification on October 14, 2005 of the acquisition of566,393,162 of the Company's common shares of USD$0.01 ("Common Shares"),representing 64.96% of the issued and outstanding Common Shares, by LUKOILOverseas Holding Ltd. ("Lukoil"), from the Company's four principalshareholders.Central Asian Industrial Holdings N.V. ("CAIH") notified via publicannouncement on October 14, 2005 that it has sold 172,501,884 Common Shares toLukoil for aggregate consideration of U.S.$378,058,579, or U.S.$2.19162 pershare, representing 19.78% of the issued and outstanding Common Shares. AskarAlshinbaev, a director of the Company, owns 12.5% of the ultimate holdingcompany of CAIH. Following the transaction, the sole remaining interest in theCompany of CAIH and its affiliates is the options, held by Mr. Alshinbaev, toacquire 1,000,000 Common Shares, which, if exercised, would result in CAIH andits affiliates owning less than 1% of the Company's outstanding Common Shares.Energy Investments International Ltd ("EII") notified via public announcementon October 14, 2005 that it has sold 171,343,328 Common Shares to Lukoil foraggregate consideration of U.S.$375,519,465, or U.S.$2.19162 per share,representing 19.65% of the issued and outstanding Common Shares. Mirbulat Abuovand Arvind Tiku, both directors of the Company, own 40% and 32% respectively ofthe voting shares of the holding company of EII. Following the transaction, thesole remaining interest in the Company of EII and its affiliates is theoptions, held by Mr. Abuov and Mr. Tiku, to acquire 8,000,000 Common Shares,which, if exercised, would result in EII and its affiliates owning less than 1%of the Company's outstanding Common Shares.Cott Holdings Group Ltd ("Cott") notified via public announcement on October14, 2005 that it has sold 154,208,994 Common Shares to Lukoil for aggregateconsideration of U.S.$337,967,515, or U.S.$2.19162 per share, representing17.69% of the issued and outstanding Common Shares. Cott is wholly owned byBaltabek Kuandykov, Nelson's President and a director of the Company. Followingthe transaction, the sole remaining interest in the Company of Cott and itsaffiliates is the options, held by Mr. Kuandykov, to acquire 7,250,000 CommonShares, which, if exercised, would result in Cott and its affiliates owningless than 1% of the Company's outstanding Common Shares.Center Finance Corporation ("Center Finance") notified the Company on October25, 2005 that it has sold 68,338,956 Common Shares to Lukoil on October 14,2005 for aggregate consideration of U.S.$149,773,023, or U.S.$2.19162 pershare, representing 7.84% of the issued and outstanding Common Shares. PeterLuis O. Gross, a director of the Company, is a representative and director ofthe corporate director of Center Finance. Following the transaction, the soleremaining interest in the Company of Center Finance and its affiliates is theoptions, held by Mr. Gross, to acquire 700,000 Common Shares, which, ifexercised, would result in Center Finance and its affiliates owning less than1% of the Company's outstanding Common Shares.As of October 31, 2005, the Company has an issued and outstanding share capitalof 871,943,094 Common Shares.For further information, please contact:----------------------------------------Fred Hodder Tel: 020 7495 8908Nelson Resources Limited fhodder@nelsonresources.co.ukENDNELSON RESOURCES LIMITED