NSN Natasa Min

TIDMUEP TIDMNSN

RNS Number : 4687V

UMC Energy PLC

12 January 2012

UMC Energy Plc

("UMC" or the "Company")

Additional Listing

Holding(s) in Company

Further to the announcement, made on 12 September 2011, that UMC had exercised its option to acquire PNG Energy Ltd, which indirectly holds two off-shore Petroleum Prospecting Licences ("PPLs") and one on-shore PPL in Papua New Guinea, the Company announces today that a total of 240,000,000 ordinary shares of 0.5 pence each in the Company ("New Ordinary Shares") have been issued to the consortium of vendors of PNG Energy Ltd, in consideration for the exercise of the option.

Changes in discloseable interests following Admission are as set out below:

 
 Shareholder                 Ordinary Shares held   % of issued share 
                                                              capital 
 Natasa Mining Ltd                    205,351,879              42.39% 
 Top Horizon Group Ltd                 67,218,000              13.88% 
 Gogear International Ltd              92,782,000              19.15% 
 

In addition, following the issue of the New Ordinary Shares, Cline Mining Corporation no longer has a notifiable interest in the Company.

Application has been made to the London Stock Exchange for 240,000,000 New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that dealings will commence on 13 January 2012. These shares will rank pari passu in all respects with the existing issued ordinary shares in the Company.

The total issued share capital of UMC following this allotment will be 484,444,763 ordinary shares of 0.5p each. No Ordinary Shares are held in treasury.

For further information:

Enquiries:

Chrisilios Kyriakou, Chief Executive Officer

UMC Energy Plc

Telephone: +44(0) 20 7290 3102

Angela Peace

Strand Hanson Limited

Telephone: +44 (0) 20 7409 3494

Philip Haydn-Slater/Paul Dudley

HD Capital Partners LLP

Telephone: +44(0) 20 3551 4870

This information is provided by RNS

The company news service from the London Stock Exchange

END

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