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FOR IMMEDIATE RELEASE

Central African Mining & Exploration Company plc

('CAMEC' or the 'Company')

Statement re possible offer 

CAMEC notes the recent speculation concerning a possible offer for the entire share capital of CAMEC. 

CAMEC confirms that it has received preliminary approaches concerning a possible offer for the entire issued and to be issued share capital of the Company. These preliminary approaches may or may not lead to an offer being made for the Company.

This announcement has not been made with the agreement or approval of the potential offerors and there can be no certainty that an offer will be made or as to the terms on which any offer might be made.

A further announcement will be made in due course.

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, CAMEC confirms that it has 2,815,884,643 ordinary shares of 0.1 pence each in issue and admitted to trading on the AIM Market of the London Stock Exchange under the UK ISIN code GB0031253643.

Contacts:

Jonathan Wright

Seymour Pierce Limited     020 7107 8000

Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in 1% or more of any class of 'relevant securities' of CAMEC, all 'dealings' in any 'relevant securities' of that company (including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an 'interest' in 'relevant securities' of CAMEC, they will be deemed to be a single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant securities' of CAMEC by the offeror or CAMEC, or by any of their respective 'associates', must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose 'relevant securities' 'dealings' should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at www.thetakeoverpanel.org.uk.

 'Interests in securities' arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an 'interest' by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a 'dealing' under Rule 8, you should consult the Panel.'

Seymour Pierce Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting as financial adviser to CAMEC and no one else in connection with this announcement and will not be responsible to anyone other than CAMEC for providing the protections afforded to clients of Seymour Pierce or for providing advice in connection with this announcement or any other matter referred to herein.

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