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ANTAM Successfully Receives Shareholder Approval For Tango's Recommended Cash Offer For Herald Resources

04/18/2008
News Releases

Tango Mining Pte. Ltd. (Tango), the Special Purpose Vehicle owned by PT ANTAM Tbk (ANTAM) (ASX:ATM, IDX:ANTM) and Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd. (Zhongjin), formed for the takeover of Herald Resources Limited (Herald), welcomes the approval of ANTAM's shareholders for Tango's recommended $2.50 per share cash Offer for Herald Resources ("Offer").

ANTAM shareholders approved the Offer in a general meeting of shareholders as required by applicable Indonesian securities laws and ANTAM's articles of association.

Tango also notes that approval from the Ministry of Commerce (MoC) and the State Administration of Foreign Exchange (SAFE) of the People's Republic of China has been granted in relation to Zhongjin's involvement in the Offer.

Further public authority approvals required are limited to Australian Foreign Investment Review Board (FIRB) approval.

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