AMPELLA MINING LTD. 
By
For immediate release 10 December 2013
Ampella Mining Limited (ASX: AMX) ("Ampella") and Centamin Plc (LSE / TSX: CEY) ("Centamin")
jointly announce that Ampella has entered into a binding Takeover Bid Implementation Deed
("TBID") with Centamin, pursuant to which Centamin (or a wholly owned subsidiary) has agreed to make an off-market takeover for all of the issued, and to be issued, shares of Ampella (the "Offer"). Under the Offer, Ampella shareholders will receive one (1) new Centamin share for every five (5) Ampella shares held.
Based on Centamin's closing share price of 44.31 pence on the LSE on 09 December 2013 and an exchange rate of GBP1 = AUD1.81, the offer values Ampella at A$40.9 million or A$0.160 per share; representing a 113% premium to Ampella's last closing price of A$0.075 and a 77% premium to the
20 day volume weighted average price on the ASX, both as at 06 December 2013, being the last trading day prior to Ampella's trading halt on the ASX on Monday 09 December 2013.
The acquisition of Ampella will add significant gold assets to Centamin's development portfolio, with c.2,200km2 of exploration ground in Burkina Faso, including the Batie West gold project which hosts the 3.25 million ounce Konkera Resource and c.1,200km2 of exploration ground across the border from Batie West in Cote d'Ivoire. Centamin intends to progress a substantial exploration programme at Batie West, aimed at developing the potential for further significant resource growth and realising the project's full value, ultimately through development of a sizeable producing operation.
The Offer is unanimously recommended by the Ampella Board of Directors, who have confirmed they intend to accept the Offer in respect of all shares they control, in each case in the absence of a superior proposal1. This recommendation is on the basis that:
