Melrose Resources reports that applications were received for
4,083,420 ordinary shares (95%) in connection with the recent Placing and Open
Offer. In addition, a further 2,719,485 ordinary shares are being issued
pursuant to the Firm Placing and Placing. Accordingly, a total of 6,802,905
ordinary shares will be admitted to listing (raising approximately £14.29
million gross). Dealings are expected to commence on July 8, 2004.