Ambrian Partners Brokers £20.0m Placing for Kalahari Minerals plc

Ambrian Partners Limited (“Ambrian”), the wholly-owned subsidiary of Ambrian Capital plc, is pleased to announce that it acted as co-broker to Kalahari Minerals plc (“Kalahari”), the AIM-listed mining exploration group with a portfolio of uranium, copper and base metal interests in Namibia, on the placing of 11,764,706 new ordinary shares at an issue price of 170 pence per share, raising approximately £20.0 million.

The funds raised will be used to satisfy Kalahari’s commitments with regard to the proposed A$91 million equity raising announced by Extract Resources Ltd on 26 August 2009 so as to maintain its circa 40% shareholding in Extract, held through its 100%-owned subsidiary Kalahari Uranium Limited.

Ambrian is joint corporate broker to Kalahari.

This is the second fundraising completed for Kalahari during 2009. In May, Ambrian acted as co-broker to Kalahari’s successful placing to raise £17.9 million via the issue of 17,890,000 new ordinary shares at an issue price of 100 pence per share.

About Ambrian Capital plc

Ambrian Capital (AIM: AMBR) is the holding company of Ambrian Partners Limited, Ambrian Commodities Limited and Ambrian Metals Limited.

Ambrian Partners Limited is a specialist investment bank focused on the metals & mining, oil & gas and cleantech sectors. It provides corporate finance advice, equity research, sales and trading and market making services. Ambrian Partners was ranked first in the AIM Basic Materials Sector in the Hemscott 2nd Quarter 2009 Advisers Rankings Guide. Ambrian Partners is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority.

Enquiries:

Richard Chase
Chief Operating Officer
Ambrian Partners Limited
Tel: +44 (0)20 7634 4700

Charlotte Kirkham/Ben Simons
M: Communications
Tel: +44 (0)20 7153 1531/1540

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