Announcement of exercise of over-allotment option

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO the United States, CANADA, AUSTRALIA or JAPAN

African Barrick Gold plc

Announcement of exercise of over-allotment option

African Barrick Gold plc (the 'Company') announces that, in connection with the initial public offering of ordinary shares in the Company (the 'Global Offer'), J.P. Morgan Securities Ltd., as stabilising manager, has today part exercised the over-allotment option in respect of 5,756,232 ordinary shares in the Company (the 'Over-allotment Shares'). The £33.1 million proceeds (before deduction of underwriting commissions and expenses) arising from the exercise of the over-allotment arrangements will be received by the Company.

Including the Over-allotment Shares, the total size of the Global Offer is £614.3million (106,838,549 ordinary shares). Following the exercise of the over-allotment option 106,838,549 shares will be held in public hands, representing a free float of approximately 26.1% of the issued share capital of the Company.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Company in any jurisdiction.

The information contained in this announcement is restricted and is not for release, publication or distribution in or into, the United States, Canada, Australia or Japan. This announcement does not contain or constitute an offer to sell or the solicitation of an offer to buy or subscribe for securities in the United States, Canada, Australia, Japan or in any other jurisdiction where such offer or solicitation is unlawful.

The offer and sale of the Ordinary Shares referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold within the United States absent registration under the Securities Act or an exemption from registration. There will be no public offer of the securities referred to herein in the United States.

 J.P. Morgan Securities Ltd is authorised and regulated in the United Kingdom by the FSA, is acting exclusively for the Company and no-one else in connection with the Global Offer and will not regard any other person (whether or not a recipient of this announcement) as a client in relation to the Global Offer and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients nor for giving advice in relation to the Global Offer or any transaction or arrangements referred to in this announcement.