Raises Additional GBP2 million

African Potash Limited / Index: AIM / Epic: AFPO / Sector: Mining

31 October 2011

African Potash Limited ('African Potash' or 'the Company')

Raises Additional £2 million

African Potash Limited, an investing company focussed on potash assets within sub-Saharan Africa, is pleased to announce that as envisaged in its Admission Document it has raised a further £2 million through the issue of 40 million new Ordinary Shares at 5 pence per share. These funds are in addition to the £4.185 million raised by way of a placing of Ordinary Shares in conjunction with the Company's admission to AIM on 30 September 2011. The funds raised will be used to implement the Company's investing strategy focussed on acquiring or investing in potash assets or projects in sub-Saharan Africa and advancing these through the exploration and development cycle.

The Placing Shares will, when issued, rank pari passu in all respects with the existing ordinary shares of the Company. Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective and that dealings in the Placing Shares will commence at 8.00 a.m. on Friday 4 November 2011.

Following this Placing by the Company the number of Ordinary Shares in issue will be 198,700,000.

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For further information visit www.africanpotash.com or contact the following: