Result of EGM

Aminex PLC
12 March 2002


                                   AMINEX PLC
                          ("Aminex" or "the Company")

                    Result of Extraordinary General Meeting


The Board of Aminex is pleased to announce that at today's Extraordinary General
Meeting of the Company, all resolutions proposed to the meeting were duly
passed.

With regard to the special resolution to approve the proposed reduction of the
Company's capital, more than 99% of the votes cast were in favour of the
resolution.

Accordingly, the Company will now apply to the Irish High Court for an order
confirming the distribution of capital to shareholders. Subject to such order
being obtained, Aminex will return US$7.5 million to shareholders, which is
expected to happen by the end of April. This represents a repayment of
approximately 6.9p per share based on the number of shares currently in issue
and based on the US dollar to sterling exchange rate currently prevailing.

The Board of Aminex continues to urge shareholders to take no action in relation
to the proposed offer by Apple Oil and Gas Limited ("Apple").

Brian Hall, Chief Executive of Aminex, said today:

"We are pleased that the majority of shareholders have endorsed the Board's
proposal.       Our strategy is to strike a sensible balance between returning
immediate value to shareholders, investing in our existing operations and
opening up a new province which provides an opportunity for further returns.  We
look forward to following our plans through and reporting further positive news
to shareholders, once we have dealt with the unwelcome attentions of Apple Oil
and Gas."

                                                                  12 March 2002

Enquiries:

Aminex PLC                                            [phone]
Brian Hall

Davy Corporate Finance Limited                        [phone]
Hugh McCutcheon

College Hill                                          [phone]
James Henderson
Archie Berens

Dennehy Associates                                    [phone]
Michael Dennehy

Responsibility Statement

The directors of Aminex accept responsibility for the information contained in
this announcement except that the only responsibility accepted in respect of the
information relating to Apple, which has been complied from published sources,
is to ensure that it has been correctly and fairly reproduced and presented.
Subject as aforesaid, to the best of the knowledge and belief of the directors
of Aminex (who have taken all reasonable care to ensure that such is the case),
the information contained in this announcement for which they accept
responsibility is in accordance with the facts and does not omit anything likely
to affect the import of such information.

Davy Corporate Finance Limited, which is authorised to carry on investment
business in Ireland by the Central Bank of Ireland, is acting exclusively for
Aminex and no one else in connection with the offer and will not regard any
other person as its client or be responsible to any person other than Aminex for
providing the protections afforded to clients of Davy Corporate Finance Limited,
nor for giving advice to any such person in relation to the offer.

Davy Corporate Finance Limited has approved the contents of this announcement
solely for the purpose of section 21 of the Financial Services and Markets Act
2000. The principal place of business of Davy Corporate Finance Limited is Davy
House, 49 Dawson Street, Dublin 2, Ireland.



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