TSG.L Regulatory News (TSG)

20 Mar 2008 07:00

Trans-Siberian Gold PLC20 March 2008 Trans-Siberian Gold plc UFG Asset Management shareholding LONDON: 20 March 2008 - Trans-Siberian Gold plc ("TSG" or "the Company") (TSG.L)reported on 1 February 2008 that it had been notified by UFG Asset Management("UFG") that the interest of UFG and its associates in TSG had increased to32.96% of the Company's shares. TSG also reported that it had been advised that the Company was not subject toThe City Code on Takeovers and Mergers ("the Code"), wherefore UFG had noobligation under the Code to make a general offer for shares in TSG. However UFGhad advised the Company that it was willing to purchase any number of TSG sharesfrom other shareholders at a price of £0.28 per share until 15 March 2008 ("theOffer"). UFG has now advised the Company that the holders of 807,000 TSG ordinary shareshave accepted the Offer, with the result that the interest of UFG and itsassociates in TSG has increased to 34.92% of the Company's shares. EndsContacts: TSGSimon Olsen +44 (0) 1223 265768 Seymour PierceStuart Lane +44 (0) 20 7107 8000 This information is provided by RNS The company news service from the London Stock Exchange