Regulatory Approval

8 Jun 2007 11:14

Aricom PLC08 June 2007 Press Release 8 June 2007 Aricom plc ("Aricom" or "the Group") Acquisition of majority stake in leading Russian mining design institute Aricom plc (AIM:TIO), the Anglo-Russian developer of mineral resources, todayannounces that it has received Russian Anti-Monopoly approval to acquire the68.49% holding in OJSC Giproruda ("Giproruda") that it announced a conditionalagreement to acquire on 16 March 2007. The acquisition is accordingly nowunconditional. There is a cash consideration of RUR211m (c.US$8m). - Ends - For further information:Aricom plcJay Hambro, Chief Executive Tel: +44 (0) 20 7201 8939 www.aricom.plc.ukCanaccord Adams Chris Bowman Tel: +44 (0) 20 7050 6500 www.canaccordadams.comAbchurchCharlie Jack / George Parker Tel: +44 (0) 20 7398 7700 www.abchurch-group.com This information is provided by RNS The company news service from the London Stock Exchange