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MANDARIN MINING PLC (MANP)

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Friday 30 November, 2012

MANDARIN MINING PLC

Interim Results to 31 August 2012



MANDARIN MINING PLC (The "Company")

CHAIRMAN'S STATEMENT

Interim accounts for the six months ended 31 August 2012

OVERVIEW

The  Company  remains a cash shell at present, although continuing actively to seek new  opportunities  to
enhance shareholder value.

We  are  maintaining  a tight control of the Company's resources, which we consider  adequate  to  support
current levels of expenditure.

We  had hoped that the 66.66% investment in Cairo Investments Limited, which owned 30% of Rusinko Pte Ltd,
would prove to be lucrative, but Rusinko Pte Limited have not yet been able to commercialise the device it
has a patent for.

FINANCIAL OVERVIEW

We  extended our investment strategy at our AGM on 30 November 2011, to focus on building up businesses, or
alternatively on identifying quoted businesses that fit our criteria (this was announced in detail  to  the
Market  on  1  December 2011). We are looking to activities, or companies that provide them, that  support,
assist  or  serve natural resources industries, in particular exploration, mining and extraction resources,
transportation  and extractive industries, especially but not restricted to coal and related  products.  We
continue to research the natural resources sector in all its extractive and related activities.

CASH FLOW AND FUNDING

The  company  has  utilised  most  of its initial funding, by way of the  initial  share  placing  and  the
Convertible Loan Notes. However, the directors are confident that they have access to additional  funds  to
satisfy the routine expenses of the company for the next eighteen months.

OUTLOOK

We  are  disappointed  that  the investment made last period in our subsidiary companies  has  not  yielded
positive  results  to date and, accordingly, we have considered it prudent to amortise fully  the  carrying
value  of our investments. We continue to look for new ways to enhance the value of your company, but  will
also continue to attempt to extract value from our existing investments.

Fook Meng Chan
Chairman

29 November 2012

The Directors of the Issuer accept responsibility for this announcement.

FOR FURTHER INFORMATION PLEASE CONTACT:

Fook Meng Chan
Mandarin Mining PLC

Nick Michaels
Alfred Henry Corporate Finance Limited
Tel:  +44 (0) 20 7251 3762

PROFIT AND LOSS ACCOUNT
FOR THE SIX MONTHS TO 31 AUGUST 2012

                                                              Unaudited          Audited          Unaudited
                                                             Six Months        Period to      Six Months to
                                                           to 31 Aug 12        29 Feb 12          31 Aug 11
                                                   Note         GBP'000          GBP'000            GBP'000

Administrative expenses                                                              
                                                                    (23)             (49)               (23)
Admission expenses                                                    -              (53)               (48)
                                                                  -----            -----              -----
Operating loss                                                      (23)            (102)               (71)

Impairment of investment                                              -             (180)                 -
Interest receivable                                                   -                7                  3
Interest payable                                                      4               (4)                (4)
                                                                  -----            -----              -----
Loss on ordinary activities before taxation                         (19)            (279)               (72)

Tax on loss on ordinary activities                                    -                -                  -
                                                                  -----            -----              -----
Retained loss for the financial period                              (19)            (279)               (72)
                                                                  =====            =====              =====

                                                                  Pence            Pence              Pence

Loss per share                                       2           (0.12)           (1.86)             (0.48)
                                                                  ----             ----               ----

BALANCE SHEET

AS AT 31 AUGUST 2012
                                                                Unaudited          Audited           Unaudited
                                                                    As at            As at               As at
                                                                31 August      29 February           31 August
                                                                     2012             2012                2011
                                                                  GBP'000          GBP'000             GBP'000

Fixed Assets                                                                                 
Loans receivable                                                        -                -                 180

Current Assets                                                                               
Debtors                                                                 3               28                   7
Cash at bank and in hand                                               18               14                  60
                                                                    -----            -----               -----
                                                                       21               42                  67
Creditors                                                                                    
Amounts falling due within one year                                   (19)             (21)                (19)
                                                                    -----            -----               -----
Net current assets                                                      2               21                  48
                                                                    -----            -----               -----

Total assets less creditors falling due within                          2               21                 228
one year

Creditors                                                                                    
Amounts falling due after more                                                               
than one year                                                        (150)            (150)              (150)
                                                                    -----            -----              -----
Net assets                                                           (148)            (129)                78
                                                                    =====            =====              =====

Capital and reserves                                                                         
Called up share capital                                               150              150                150
Profit and loss account                                              (298)            (279)               (72)
                                                                    -----            -----              -----
Equity shareholders' funds                                           (148)            (129)                78
                                                                    =====            =====              =====

RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

                                                               Unaudited           Audited          Unaudited
                                                                   As at             As at      Six Months to
                                                               31 August       29 February          31 August
                                                                    2012              2012               2011
                                                                 GBP'000           GBP'000            GBP'000

Loss for the period                                                  (19)             (279)               (72)
Proceeds from issue of shares                                          -               150                  -
                                                                   -----             -----              -----
Net decrease in shareholders' funds                                  (19)             (129)               (72)
Equity shareholders' funds brought forward                          (129)                -                150
                                                                   -----             -----              -----
Equity shareholders' funds carried forward                          (148)             (129)                78
                                                                   =====             =====              =====

Cash Flow Statement
for the six months ended 31 August 2012

                                                            Unaudited             Audited         Unaudited
                                                        Six months to           Period to     Six months to
                                                            31 August         29 February         31 August
                                                                 2012                2012              2011

                                                              GBP'000            GBP'000            GBP'000

Cash outflow from operating activities                              -               (108)               (60)

Returns on investment and servicing of                                                      
finance
Interest received                                                   -                  6                  -
Interest paid                                                       4                 (4)                 -

Investing activities                                                                        
Loans granted                                                       -               (180)              (180)

Financing activities                                                                      
Issue of shares                                                     -                150                  -
Issue of loan notes                                                 -                150                150
                                                                -----              -----              -----
Cash increase/(decrease) in the period                              4                 14                (90)
                                                                =====              =====              =====

Reconciliation of Net Cash Flow to Movement in Net Debt

                                                             Unaudited           Audited          Unaudited
                                                         Six months to         Period to      Six months to
                                                             31 August       29 February          31 August
                                                                  2012              2012               2011
                                                               GBP'000           GBP'000            GBP'000

Increase/(decrease) in cash in the period                            4                14                (90)
Cash inflow from increase in debt                                    -                 -               (150)
Net funds/(debt) brought forward                                    14                 -                150
                                                                 -----             -----              -----
Net funds/(debt) carried forward                                    18                14                (90)
                                                                 -----             -----              -----

NOTES TO THE INTERIM ACCOUNTS

FOR THE SIX MONTHS ENDED 31 AUGUST 2012

1.    ACCOUNTING POLICIES

            (a)     Basis of preparation

                    The  interim report has been prepared using accounting policies consistent with those  set
                    out  in  the  Annual Accounts for the period to 29 February 2012.  Those financial statements  were
                    prepared on a going concern basis.

                    The  interim report for the six months to 31 August 2012 was approved by the Board  on  29
                    November 2012.

2.   LOSS PER SHARE
                                                            Unaudited             Audited             Unaudited
                                                        Six months to           period to        Six months to
                                                            31 August         29 February            31 August
                                                                 2012                2012                 2011
                                                                Pence               Pence                Pence

       Loss per ordinary share                                                              
       - basic                                                 (0.12)               (1.86)               (0.48)

                                                             GBP'000              GBP'000              GBP'000

       Loss for period                                           (18)               (279)                  (72)

       Weighted number of shares in issue:                                                                    
                                                              Number               Number               Number
       - basic                                            15,000,000           15,000,000           15,000,000

3.   The  information for the period ended 28 February 2011 was extracted from the audited accounts,  which
     received  an  unqualified audit opinion.  The unaudited results for the six months  period  have  been
     prepared  on  basis  consistent  with the accounting policies disclosed  in  the  Company's  Admission
     document  and accounts and do not constitute statutory accounts within the meaning of Section  435  of
     the Companies Act 2006.

4.   Copies of this interim statement are available from the Company at its registered office at Finsgate,  5-7
     Cranwood Street, London EC1V 9EE.

MANDARIN MINING PLC

a d v e r t i s e m e n t