Offer Update

11 Feb 2008 14:15

Trans-Siberian Gold PLC11 February 2008 Trans-Siberian Gold plc UFG Asset Management offer to shareholders LONDON: 11 February 2008 - Trans-Siberian Gold plc ("TSG" or "the Company")(TSG.L) reported on 1 February 2008 that it had been notified by UFG AssetManagement ("UFG") that a company associated with UFG had purchased 1,575,000TSG ordinary shares at a price of £0.28 per share, thereby increasing theinterest of UFG and its associates in TSG to 32.96% 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"). UFG therefore 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"). Shareholders willing to accept the Offer should contact the Company'sbroker Seymour Pierce. The directors other than those nominated by UFG do not recommend acceptance ofthe Offer and advise TSG shareholders to take their own independent financialadvice before taking any action in relation to the Offer. Ends Contacts: TSGSimon Olsen +44 (0) 1223 265768 Seymour PierceStuart Lane +44 (0) 20 7107 8000 BanksideKeith Irons +44 (0) 20 7367 8873Oliver Winters This information is provided by RNS The company news service from the London Stock Exchange