ASX/RNS Announcement - Minsec completes second tranche of Platmin acquisition

    LONDON, Dec. 21 /CNW/ - Further to the announcement on 9 November 2007,
Mineral Securities Limited ("Minsec" or "the Company") is pleased to announce
that it has completed the acquisition of a further three million common shares
in Platmin Limited ("Platmin") representing 2.8% of the issued shares in
Platmin. Minsec now beneficially owns a total of 19,229,770 common shares in
Platmin representing 17.6%.
    Today's acquisition is in accordance with the terms of the share purchase
agreement entered into between CDC Group PLC, Minsec Investments (BVI)
Limited, a wholly owned subsidiary of Minsec. The acquisition is the second of
three tranches which total 11,122,049 common shares of Platmin representing up
to 10.2% of the issued and outstanding shares of Platmin. After completion of
the acquisition of Tranche 3, Minsec will own 26,351,819 shares representing
24.2% of the issued and outstanding common shares of Platmin.
    The consideration for the second tranche was CDN$29.7 million and has
been funded by a AUD$30 million increase in Minsec's existing facilities with
Macquarie Bank Limited ("Macquarie") and internal cash reserves. Pursuant to
the increase in the facility, Macquarie has been issued 2.5 million unlisted
options exercisable at AUD$2.30 per option on or before 31 January 2010. As
well as discussions with Macquarie regarding the structure and term of their
facility, the Company is also in talks with a number of other sources of
finance in respect of the funding of Tranche 3.

For further information:

For further information: or for a copy of Minsec's early warning report,
please contact: Mr Keith Liddell, Chief Executive Officer, +44 (0) 20 7478
5100, +61 (8) 9221 7466, Email:; RBC Capital
Markets, Martin Eales, Andrew Smith, +44 (0) 20 7029 7881

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