Mwana Africa PLC Holdings in Company (7543N)

TIDMMWA

RNS Number : 7543N

Mwana Africa PLC

20 May 2015

20 May 2015

Mwana Africa PLC

("Mwana" or the "Company")

Holdings in Company

Further to the announcement of 6 May 2015, Mwana has been notified that Mr. Feng Hailiang directly and indirectly has an interest of 130,021,039 shares in the Company representing 9.302% of Mwana's issued share capital.

Mr Feng is the founder and controlling shareholder of the Hailiang Group and was the Chairman of Zhejiang Hailiang Co. Ltd ("Zhejiang Hailiang"), China's biggest copper tube exporter and manufacturer of copper alloy tubes. Zhejiang Hailiang currently has a joint venture agreement with Mwana for copper exploration in Katanga, Democratic Republic of Congo.

Prior to the share transaction announced on 6 May 2015 with CIMGC and Mr Ning, Mr. Feng and his associates had an interest of 22,813,497 shares or 1.63% of the Company. More information on Mr. Feng's direct and indirect interests are provided below:

 
 Name of            Acquired     Acquired       Total      Interest    Ultimate Beneficial 
  Holder             from Mr       from                     in Mwana          Owner 
                      Ning         CIMGC 
----------------  -----------  -----------  ------------  ----------  -------------------- 
 Hong Kong 
  Hongan 
  International 
  Investment 
  Co., Limited     25,783,260                33,822,757     2.420%      Mr. Feng Hailiang 
----------------  -----------  -----------  ------------  ----------  -------------------- 
                                                                         Mr. Feng Luming 
                                                                            (son of Mr 
 Feng Luming                    17,000,000   24,654,000     1.764%        Feng Hailiang) 
----------------  -----------  -----------  ------------  ----------  -------------------- 
                                                                          Ms. Zhu Aihua 
                                                                           (wife of Mr 
 Zhu Aihua                      24,424,282   31,544,282     2.257%        Feng Hailiang) 
----------------  -----------  -----------  ------------  ----------  -------------------- 
 Rich Pro 
  Investments 
  Limited                       40,000,000   40,000,000     2.862%      Mr. Feng Hailiang 
----------------  -----------  -----------  ------------  ----------  -------------------- 
 Total             25,783,260   81,424,282   130,021,039    9.302%           9.302% 
----------------  -----------  -----------  ------------  ----------  -------------------- 
 

For further information contact:

Mwana Africa PLC

Kalaa Mpinga, CEO

Caroline Mathonsi, Investor Relations Tel: + 44 (0) 203 696 5470

Nominated adviser and broker

Peel Hunt LLP

Matthew Armitt / Ross Allister Tel: [phone]

Public and investor relations

Tavistock

Ed Portman / Jos Simson / Mike Bartlett Tel: [phone]

Russell and Associates

Jim Jones/Leigh King Tel: [phone]

About Mwana Africa PLC

Mwana Africa PLC is a pan-African, multi-commodity mining and development company. Mwana's principal operations and exploration activities cover gold, nickel, copper and diamonds in Zimbabwe, the Democratic Republic of Congo (DRC) and South Africa.

About Zhejiang Hailiang

Zhejiang Hailiang is listed on the Shenzhen Stock Exchange in China. Since it was founded in 2001, Hailiang has committed itself to the research, development, production, marketing and after-sales service of high-end copper products and has become a world class copper processing enterprise. Zhejiang Hailiang is China's biggest copper tube exporter and manufacturer of copper alloy tubes; China's second largest manufacturer of copper tubes; and one of China's main manufacturers of copper bars and precision copper rods.

This information is provided by RNS

The company news service from the London Stock Exchange

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