Shearwater Group plcLSE: SWG

Statement re Issue of Equity

· Issued by Shearwater Group plc
Aurum Mining PLC 19 January 2006 Aurum Mining plc ('Aurum') or (the 'Company') 19 January 2005 Re: Issue of Equity Further to the announcement of the Company's interim results dated 23 December 2005, the Board of Aurum have considered the financing opportunities available to the Company and have decided for the time being to seek debt financing rather than to pursue a further equity issue. A further announcement will be made in due course. Enquiries: Aurum Mining plc 0207 478 9050 Mark Jones, Chief Executive W.H. Ireland 0121 616 2101 Tim Cofman Buchanan Communications 0207 466 5000 Mark Court This information is provided by RNS The company news service from the London Stock Exchange

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