London Mining announces certain changes to a share award granted to Graeme Hossie (Chief Executive and a primary insider) under the terms of the London Mining Long-Term Incentive Plan (the "Award" and the "LTIP") and the terms of the London Mining plc No.2 Share Option Plan (the "Share Option Plan").

The Remuneration Committee has approved an amendment to the terms of a performance condition attaching to the Award granted under the terms of the LTIP to Graeme Hossie on 13 August 2007 over 4,718,884 Ordinary Shares, which provides for vesting on 13 August 2010. The performance condition has been amended so that, subject to continued employment with the Company, the Award will vest on 13 March 2010, or if earlier, on a change of control of the Company.

The amendment of the Award has not had an impact on Graeme Hossie's interests in the Company's Ordinary Shares. These are as follows: together with his close associates, he will continue to have options over 3,000,000 Ordinary Shares pursuant to the Company's share option plans, 4,718,884 Ordinary Shares pursuant to the LTIP and a beneficial interest in 3,750,000 Ordinary Shares.

The Remuneration Committee has also approved an amendment to the terms of the Share Option Plan to allow options to be transferred, with the Board's prior consent.

Further details of the LTIP and the Share Option Plan are set out in the Prospectus dated 24 September 2007 which is available on the Company's website (www.londonmining.co.uk).

For more information, please contact: London Mining Plc Thomas Credland, Head of Investor Relations +44 20 7201 5000

Crux Kommunikasjon AS Charlotte Knudsen +47 9756 1959

Threadneedle Communication (UK) Laurence Read/ Graham Herring +44 20 7653 9850

About London Mining London Mining Plc is a UK-based company that is developing mines for the steel industry. The company owns 100% of the Marampa hematite iron ore mine in Sierra Leone, 100% of the Isua magnetite iron ore project in Greenland, a 50% stake in on the Wadi Sawawin joint venture in Saudi Arabia and a 50% stake in the China Global Mining Resources joint venture. It also has minority interests in South Africa and Colombia. The Company listed on the Oslo Axess, a marketplace regulated by the Stock Exchange, on 9 October 2007. It trades under the symbol LOND.NO.

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

SOURCE: London Mining Plc

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