Interim Management Statement

FOR IMMEDIATE RELEASE 16 May 2014 BISICHI MINING PLC INTERIM MANAGEMENT STATEMENT Bisichi Mining Plc ("Bisichi" or "Company"), the UK mining company with directcoal mining operations in South Africa, provides the following interim updateon its operations: At the end of last year Black Wattle, our South African coal mining subsidiary,began relocating machinery to two of our profitable production pits. During thecourse of 2014, Black Wattle's plan is to increase production from these twoareas as well as begin the development of the new reserve at Blue Nightingale. Although this planned increase in production from these two areas has beenadversely affected by the unusually heavy rainfall experienced in the firstquarter of 2014, we continue to expect the mine to return to acceptable levelsof profitability by the second half of 2014. The timing of the development of the new reserve at Blue Nightingale continuesas planned. The new reserve consists of approximately 2.3 million tonnes ofcoal which can be sold either directly to local power utilities or transportedto Black Wattle where it will be washed and sold into our existing domestic andexport markets. We currently expect to start mining this reserve in the secondhalf of 2014. Despite the international coal markets continuing to be affected by weakinternational coal prices, the physical demand for our coal has remained, andcontinues to remain, strong in both the domestic and export markets.Nevertheless depressed coal prices may continue for the whole of 2014. With new reserves to develop and strong demand for our coal we remain highlyconfident on the prospects of our coal mining activities in South Africa. Finally, the Company's UK retail property portfolio, which is actively managedby London & Associated Properties PLC, continues to perform satisfactorily. Ends. For further information, please call: Bisichi Mining PLC 020 7415 5030

Andrew Heller.