Major Interest in Shares - further update

4 November 2014

For Immediate Release

Asia Resource Minerals plc ("ARMS" or the "Company")

Major Interest in Shares - further update

ARMS announces that further to the statement regarding a Major Interest in Shares on 29 October, the Company can confirm the reduction in Mr. Samin Tan's indirect control of voting rights in the Company. Indirect control of voting rights in respect of 57,361,411 ordinary shares in the Company held by Ravenwood Acquisition Company Limited ("RACL"), representing 23.8 per cent. of all the ordinary shares in the Company, has been transferred to Raiffeisen Bank International AG, Singapore Branch from Mr. Samin Tan.

The Company now therefore believes that it no longer has a "controlling shareholder" for the purposes of the Listing Rules of the Financial Conduct Authority (the "Listing Rules"). However, the Company notes that Mr. Samin Tan remains able indirectly to control the exercise of voting rights in respect of a further 57,235,656 ordinary shares in the Company held by Borneo Bumi Energi & Metal Pte. Ltd ("Borneo Bumi"), representing 23.8 per cent. of all of the ordinary shares in the Company.

In connection with this transfer of Mr. Samin Tan's indirect control of voting rights, RACL, an entity previously controlled by Mr. Samin Tan, has ceased to be Mr. Samin Tan's "associate" (for the purposes of the Listing Rules), and therefore the relationship agreement dated 4 November 2013 between Mr. Samin Tan, Borneo Bumi, RACL and the Company and entered into in connection with the separation transaction has automatically terminated in accordance with its terms.

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