FOR IMMEDIATE RELEASE

23 May 2018

BISICHI MINING PLC:

£5.6M JOINT VENTURE RETAIL ACQUISITION

Bisichi Mining PLC (“Bisichi”) today announces it has formed a joint venture that has exchanged contracts to acquire the freehold of five shops in West Ealing, London.

Bisichi Mining Plc and London & Associated Properties PLC, a 41.52% shareholder of Bisichi, will each own 45% of the joint venture, with the remaining 10% owned by Metroprop Real Estate Ltd.

The shops produce a current rent of c£140,000 per annum and have planning consent for 20 flats at first and second floor.  Four flats have already been built and are currently vacant.

The total consideration paid by the joint venture for the shops, before transaction and development costs, will be £5.6 million of cash. Bisichi’s share of the consideration will be funded out of existing cash resources.

Andrew Heller, Bisichi’s Managing Director, commented: “This is an exciting opportunity to acquire a substantial block of shops in a rapidly improving part of West London.  The portfolio is a five-minute walk from West Ealing Crossrail station and we expect values there to continue to rise over the medium term.  I look forward to updating shareholders as the development progresses”.

Ends.

Contact:

Andrew Heller, Managing Director, Bisichi.                          Tel: 020 7415 5030

Bisichi Mining PLC

Annual Report – year ended 31 December 2017 and Notice of Annual General Meeting – 6 June 2018.

This is to confirm that Bisichi Mining PLC has posted its Annual Report and Accounts for the year ended 31 December 2017, Notice of Annual General Meeting (to be held on 6 June 2018) and Form of Proxy to shareholders.

The document was published on the company’s website and a copy was posted to all shareholders who had requested a printed copy. A letter was sent to those shareholders who had consented to web publications to advise them that the document was now available on the company’s website.

A RNS announcement of the text of the Annual Report excluding the Notice of AGM and the proxy form was made on 23 April 2018.

Copies of the Annual Report may be obtained from the Company Secretary at the company’s registered office, 24 Bruton Place, London, W1J 6NE and is available for download from www.bisichi.co.uk

Copies of the above documents have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.do

Garrett Casey

Company Secretary

020 7415 5030
10 May 2018