Redenomination to Euro

Ovoca Resources PLC
2 November 2001

Ovoca Resources Plc

2 November 2001

Re: Redenomination to Euro

The Board of Ovoca Resources PLC are pleased to announce that, at the
Extraordinary General Meeting and the Annual General Meeting held in the
Berkley Court Hotel held last week, all the motions put to the floor were
unanimously passed by the shareholders.

The passing of the motions covering the conversion of the Company's share
capital to Euros (from Ordinary 2 pence shares to Ordinary 2.5 cent shares)
was effective immediately and consequentially all new share certificates will
be issued in Euros. The existing share certificates will remain valid and do
not need to be changed.

For further information please contact:

John O'Connor, Ovoca Resources Plc

Telephone: [phone]