AIM 07 December 2005 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH AIM RULE 2 ALL APPLICANTS MUST COMPLETE THE FOLLOWING: COMPANY NAME: Weatherly International plc COMPANY ADDRESS: 7th Floor, Aldermary House, 10-15 Queen Street, London COMPANY POSTCODE: EC4N 1TX COUNTRY OF INCORPORATION: England and Wales COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J) OF THE AIM RULES: The Company's main activity will be that of exploration and development of mining and mineral projects DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares): Ordinary Shares, each representing one ordinary share of 0.5p each Issue Price of new Ordinary Shares: 8p Number of Ordinary Shares to be issued: 143,689,593 CAPITAL TO BE RAISED ON ADMISSION: £2.345 million FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS: Board: Dr. Wolf-Gerhard Martinick (Chairman) Mr. Roderick John Webster (Chief Executive) Mr. Peter Redmond (Non-Executive Director) PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL BEFORE AND AFTER ADMISSION: Before Admission: RAB Special Situations (Master) Fund Limited 20.41% Dr. Wolf-Gerhard Martinick 19.43% Mr. Roderick John Webster 12.33% After Admission: Mr. Roderick John Webster 19.06% Dr. Wolf-Gerhard Martinick 12.79% Ezenet Limited 12.74% RAB Special Situations (Master) Fund Limited 12.55% Matterhorn Investment Management LLP 8.71% Resource Investment Trust plc 5.58% NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: n/a ANTICIPATED ACCOUNTING REFERENCE DATE: 31 December EXPECTED ADMISSION DATE: 15 December 2005 NAME AND ADDRESS OF NOMINATED ADVISER: Libertas Capital Corporate Finance Limited, 16 Berkeley Street, London, W1J 8DZ. NAME AND ADDRESS OF BROKER: Libertas Capital Securities Limited, 16 Berkeley Street, London, W1J 8DZ. DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES: The Admission Document, which will contain full details about the Company and the admission of its Ordinary Shares to AIM, will be available for inspection at the offices of Watson, Farley & Williams, 15 Appold Street, London, EC2A 2HB DATE OF NOTIFICATION: 7 December 2005 NEW/ UPDATE (see note): UPDATE This information is provided by RNS The company news service from the London Stock Exchange