Stabilisation Notice

10 Mar 2005 08:00

Morgan Stanley Securities Limited10 March 2005 10 March 2005 The London Stock Exchange 10 Paternoster Square London, EC4M 7LS Dear Sirs Frontera Resources Corporation - Offering of Common Shares (Reg S,Category 3 Restricted) 28,000,000 Stabilisation Notice Pursuant to Core Dealing Rule 3060-3061, Morgan Stanley Securities Limitedhereby notifies the London Stock Exchange that it and its affiliates maystabilise the offering of the Common Shares (Reg S, Category 3 Restricted) ofFrontera Resources Corporation: 1. Security to be stabilised: Common Shares of Frontera Resources Corporation; 2. Security Identifier: USU3144D1091; 3. Stabilising Manager: Morgan Stanley Securities Limited (a member firm) (Contact - Michael Schaftel 020-7425-9523); 4. Stabilisation period commences: 10 March 2005 at approximately 8:00am London time; 5. Stabilisation period ends: Close of business on 12 April 2005; 6. Offer price: 150 pence per share; and 7. Over-allotment option is equivalent to 15% of the offering. Yours faithfully MORGAN STANLEY SECURITIES LIMITED This information is provided by RNS The company news service from the London Stock Exchange