KAH Kalahari Min

 
TIDMKAH 
 
Kalahari Minerals plc / Ticker: KAH / Index: AIM / Sector: Mining & Exploration 
 
20 March 2012 
 
              Kalahari Minerals plc (`Kalahari' or `the Company') 
 
                             Change in Directorate 
 
Kalahari Minerals plc, the AIM listed resource company, announces the following 
changes to its Board following the recommended cash offer for the Company by 
Taurus Mineral Limited ('Taurus') (a company formed at the direction of CGNPC 
Uranium Resources Co., Ltd ('CGNPC-URC') and the China-Africa Development Fund 
('CADFund') being declared closed on 28 February 2012. 
 
Mr. Mark Hohnen, who has held the position of Executive Chairman, will become a 
Non-executive Director of the Company with immediate effect. 
 
Mr. Neil MacLachlan and Mr. David Weill have resigned today as Non-executive 
Directors of the Company with immediate effect. 
 
On 16 February 2012 the Company announced that Taurus would seek to appoint 
five representatives to the Board of Kalahari. The Company is now pleased to 
announce that it has today approved the following appointments as new 
Directors, to take effect immediately: 
 
 1. Mr. Zhiping Yu (???); 
 
 2. Mr. Zuyuan He (???); 
 
 3. Mr. Zhirong Hu (???); 
 
 4. Mr. Qiming Chen (???); and 
 
 5. Mr. Jun Luo (??). 
 
Mr. Zhiping Yu, aged 48, has over two years of experience acting as General 
Manager of CGNPC-URC. Mr. Yu is also a Director of Taurus and is Chairman to 
the following companies: CGNPC Uranium (Xinjiang) Company Limited; CGNPC 
Uranium (Guandong) Company Limited; China Uranium Development Company Limited; 
and CGN Mining Company Limited. During the previous five years, Mr. Yu has held 
the position of General Manager of the strategic planning department at China 
Guandong Nuclear Power Holding Company. 
 
Mr. Zuyuan He, aged 46, has over 21 years of experience in uranium exploration 
and financial management and is Deputy General Manager of CGNPC-URC. Mr. He is 
also currently a Director of the following companies: Taurus; Beijing Sino-Kaz 
Uranium Resources Investment Company Limited; China Uranium Development Company 
Limited; CGN Mining Company Limited; Energy Metals Limited; and 'Semizbay-U' 
LLP. During the previous five years, Mr. He has held the following positions: 
Finance Controller and Manager of the department of capital operation of 
Beijing Changxin state-owned assets investment and operation Company; Manager 
of the financial and planning department at CGNPC-URC; and Chief Financial 
Officer of CGNPC-URC. 
 
Mr. Zhirong Hu, aged 41, currently has over four years of experience acting as 
Vice-President of CADFund, where he is responsible for investment and risk 
management decisions. Mr. Hu is also a Director of the following companies: 
Taurus; China-Africa Xinxing Investment Limited; Zheng Da Investment Limited; 
Hua Lien International (holding) Company Limited; and China-Africa Investment & 
Development Limited. During the previous five years, Mr. Hu has held the 
positions of Deputy Head of the appraisal management bureau and Section Head of 
credit management, each at the China Development Bank. 
 
Mr. Qiming Chen, aged 49, currently has over three years of experience acting 
as General Manager of the corporate financing and M&A department of China 
Guandong Nuclear Power Holding Company Limited. During the previous five years, 
Mr. Chen has held the position of Managing Director of the contract and 
procurement departments at each of Liaoning Hongyanhe Nuclear Power Company 
Limited and China Nuclear Power Engineering Company Limited. 
 
Mr. Jun Luo, aged 37, currently has three years of experience acting as 
Assistant General Manager of China Guangdong Nuclear Power Finance Company 
Limited. During the previous five years, Mr. Luo has held the position of 
Treasurer of the financial department at China Guangdong Nuclear Power Finance 
Company Limited. 
 
None of the above newly appointed Directors currently hold any shareholdings in 
the Company. 
 
Following these changes the Board will consist of Mr. Zhiping Yu as Chairman 
and Mr. Zuyuan He, Mr. Zhirong Hu, Mr. Qiming Chen, Mr. Jun Luo and Mr. Mark 
Hohnen as Directors. 
 
There are no further matters which are required to be announced with regard to 
the appointments under paragraph (g) of schedule 2 of the AIM Rules. 
 
Cancellation of listing 
 
On 5 March 2012 the Company announced that pursuant to AIM Rule 41 it had 
applied to the London Stock Exchange for the cancellation of admission to 
trading of its ordinary shares of 1 pence each in the capital of Kalahari on 
AIM. The Company confirms that, upon successful completion of the compulsory 
acquisition, which is expected to conclude on 3 April 2012, it intends to 
proceed with the cancellation of the AIM quote. Such cancellation is expected 
to be effective from 7.00am on 4 April 2012 or as soon as practicable 
thereafter. 
 
                                 * * ENDS * * 
 
For further information please visit www.kalahari-minerals.com or contact: 
 
Mark Hohnen           Kalahari Minerals plc          Tel: +44 (0)20 7292 9110 
 
Simon Raggett         Strand Hanson Limited          Tel: +44 (0)20 7409 3494 
 
Rory Murphy           Strand Hanson Limited          Tel: +44 (0)20 7409 3494 
 
Hugo de Salis         St Brides Media & Finance Ltd  Tel: +44 (0)20 7236 1177 
 
Susie Geliher         St Brides Media & Finance Ltd  Tel: +44 (0)20 7236 1177 
 
 
 
END 
 

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