Asia Resource Minerals : Further Update re ACE Cash Offer and NRH Annct

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

8 June 2015

For Immediate Release

Asia Resource Minerals plc ("ARMS" or the "Company")

Further Update re ACE Cash Offer and NR Holdings Announcement

The board of ARMS notes the announcements this morning by Asia Coal Energy Ventures Limited ("ACE") and NR Holdings Limited ("NRH") with regard to the cash offer for ARMS announced by ACE on 7 May 2015 to acquire the entire issued and to be issued ordinary share capital of ARMS not already owned by ACE and funds managed by Argyle Street Management Limited ("ACE Cash Offer"), which explain that ACE has revised the ACE Cash Offer to 56p per ARMS ordinary share ("ARMS Share") (from a previous level of 41p per ARMS Share) and that it has obtained an irrevocable undertaking from NRH and Nathaniel Rothschild to accept the ACE Cash Offer in respect of ARMS Shares owned by them (representing approximately 17.2% of ARMS Shares) and to not oppose (and if eligible to do so, vote in favour of) a resolution to be put to independent shareholders of ARMS under rule 16 of the Takeover Code (the "Rule 16 Resolution") at a general meeting of ARMS shareholders convened for the purposes of the ACE Cash Offer (the "General Meeting").

The board also notes that, as previously announced, the independent financial adviser to the Company has been working to reach a conclusion regarding the fairness, or otherwise, of the RBI Loans Acquisition by ACE in connection with the ACE Cash Offer. This work has now been completed and the independent financial adviser has advised the board that, in its opinion, the terms of this RBI Loans Acquisition are fair and reasonable. Accordingly, the board intends to put the Rule 16 Resolution to independent shareholders at the General Meeting and recommend that they vote in favour.

The General Meeting will be convened through a shareholder circular to be distributed to shareholders as soon as possible, either in conjunction with, or very shortly after, the distribution of a document from ACE pertaining to the ACE Cash Offer. In that circular, the board will also set out its views on the ACE Cash Offer as a whole. The Company expects the General Meeting to be held at or around the end of June.

Unless otherwise defined, capitalised terms used in this announcement shall have the same meaning as set out in the Company's announcement of 1 June 2015.

For enquiries, please contact:

Asia Resource Minerals plc

Sean Wade

+44 (0) 20 7201 7511

RLM Finsbury

Ed Simpkins / Charles O'Brien

+44 (0) 20 7251 3801

Rothschild (Financial Adviser)

Roger Ewart Smith

Sam Critchlow

+44 (0) 20 7280 5000

Important Notices

Under Rule 8.3(a) of the City Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the City Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44(0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

The distribution of this announcement into jurisdictions other than the United Kingdom may be restricted by law. No action has been taken by the Company or any person that would permit distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement contains certain forward-looking statements which are subject to a number of risks and uncertainties, many of which are beyond the Company's control and all of which are based on the board's current beliefs and expectations about future events. In some cases, these forward-looking statements can be identified by the use of forward-looking terminology, including the terms "targets", "believes", "estimates", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology. They appear in a number of places throughout this announcement and include statements regarding the intentions, beliefs or current expectations of the Company. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. The Company's actual performance, results of operations, internal rate of return, financial condition, distributions to ARMS shareholders and the development of its financing strategies may differ materially from the impression created by the forward-looking statements contained in this announcement. In addition, even if the Company's actual performance, results of operations, internal rate of return, financial condition, distributions to ARMS shareholders and the development of its financing strategies are consistent with the forward-looking statements contained in this announcement, those results or developments may not be indicative of results or developments in subsequent periods.

These forward-looking statements speak only as of the date of this announcement. The information and opinions contained in this announcement are subject to change without notice and, subject to any obligations under the Prospectus Rules, Listing Rules or the Disclosure and Transparency Rules, and save as required by law, ARMS assumes no responsibility or obligation to update publicly or review any of the forward-looking statements contained herein and expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in ARMS's expectations with regard thereto or any change in events, conditions or circumstances on which such statement is based.

Past performance is no guide to future performance and persons needing advice should consult an independent financial adviser. No statement in this announcement is intended to be a profit forecast.

A copy of this announcement will be made available, free of charge subject to certain restrictions relating to persons resident in restricted jurisdictions, at www.asiarmplc.com by no later than 12 noon (London time) on the business day following the date of this announcement. Neither the content of the Company's website nor the content of any websites accessible from hyperlinks on the Company's website (or any other websites) is incorporated into, or forms part of, this announcement.

The directors of the Company accept responsibility for the information contained in this announcement relating to the Company. To the best of the knowledge and belief of the directors of the Company (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

Please be aware that addresses, electronic addresses and certain information provided by Company shareholders, persons with information rights and other relevant persons for the receipt of communications from the Company may be provided to ACE during the offer period where requested under Section 4 of Appendix 4 of the City Code.

N.M. Rothschild & Sons Limited, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting exclusively for the Company and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in connection with the subject matter of this announcement.