Archipelago Resources PLC

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30 October 2013

AIM: AR.

Archipelago Resources Plc

("Archipelago" or "the Company")

Unconditional Recommended Cash Offer - Update

Archipelago announces that the Offer which was announced on 27 September 2013 closed on 29 October 2013 and that valid acceptances had been received by PT Rajawali Corpora ("Rajawali") in respect of 74.38 per cent of the shares to which the Offer relates, which in total represents 35.06 per cent of the Archipelago Shares. Rajawali now has a 87.92 per cent interest in Archipelago's issued share capital.

Archipelago Shareholders who accepted the Offer will receive payment of consideration within the next 14 days.

Following approval by the requisite majority of Archipelago Shareholders at the General Meeting held on 24 October 2013, the cancellation of the Company's AIM Admission will take effect at 7.00 a.m. on Wednesday, 13 November 2013.

Capitalised terms not otherwise defined in this announcement shall have the same meanings as set out in the Offer Document dated 27 September 2013.

For further information please contact:

Archipelago Resources Plc
President - Corporate Strategy
Matthew Salthouse
Phone: + 65 6535 3419
Liberum Capital Limited
Joint Broker to Archipelago Resources Plc
Tim Graham / Ryan de Franck / Joshua Hughes
Phone: +44 (0) 20 3100 2000
Grant Thornton UK LLP
Nominated Adviser to Archipelago Resources Plc
Philip Secrett / David Hignell
Phone: +44 (0) 20 7383 5100
Canaccord Genuity Limited
Joint Broker to Archipelago Resources Plc
Andrew Chubb / Christopher Fincken
Phone: +44 (0) 20 7523 8000
Buchanan
PR Adviser to Archipelago Resources Plc
Bobby Morse / Gordon Poole
Phone: +44 (0) 20 7466 5000

This information is provided by RNS
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