REG-ACACIA MINING PLC: Statement re announcement from Barrick

Barrick MiningAnnouncement

19/06/2019 07:05

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER
UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND
THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

19 June 2019

Acacia Mining plc

LSE:ACA

STATEMENT REGARDING ANNOUNCEMENT FROM BARRICK

Acacia Mining plc (“Acacia” or “the Company”) notes the announcement
from Barrick Gold Corporation (“Barrick”) yesterday regarding their views
on the situation in Tanzania and Acacia’s mine plans (“the
Announcement”).

The Company strongly disagrees with a number of statements made in the
Announcement. The Company is also surprised with the circumstances and timing
of the Announcement, which immediately followed earlier announcements
regarding Acacia’s agreement to Barrick’s request for an extension to the
PUSU Deadline. The Company will provide a detailed response to the relevant
aspects of the announcement, as appropriate, in due course.

Shareholders are strongly urged to take no action at this time.

In accordance with Rule 2.6(a) of the Code, Barrick is required, by not later
than 5.00pm on 9 July 2019, either to announce a firm intention to make an
offer in accordance with Rule 2.7 of the Code or to announce that they do not
intend to make an offer, in which case the announcement will be treated as a
statement to which Rule 2.8 of the Code applies. This deadline may be extended
with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the
Code.

Terms not defined herein have the meaning as set out in the Company’s
announcement dated 18 June 2019.

ENQUIRIES

For further information, please visit our website: www.acaciamining.com or
contact.

Acacia Mining plc
                                                                                                
              +44 (0) 20 7129 7150

Sally Marshak, Head of Investor Relations and
Communications                              +44
(0) 752 580 7953

Camarco
                                                                                                                
              +44 (0) 20 3757 4980

Gordon Poole / Nick Hennis

J.P. Morgan Cazenove (Joint Lead Financial Adviser and Broker):
                            +44 (0) 20 7742 4000

Barry Weir

James Robinson

Dimitri Reading-Picopoulos

RBC Capital Markets (Joint Lead Financial Adviser and Broker):
                               +44 (0) 20 7653
4000

Kevin Smith

Paul Betts

Vicky Liu

Lazard & Co., Limited (Financial Adviser to the Transaction Committee of
Acacia Mining plc):

Spiro Youakim
                                                                                                      
              +44 (0) 20 7187 2000

William Lawes

Gustavo Plenge

Further Information:

J.P. Morgan Limited, which conducts its UK investment banking business as J.P.
Morgan Cazenove ("J.P. Morgan Cazenove"), is authorised and regulated in the
United Kingdom by the Financial Conduct Authority. J.P. Morgan Cazenove is
acting as financial adviser exclusively for Acacia and no one else in
connection with the matters set out in this announcement and will not regard
any other person as its client in relation to the matters in this announcement
and will not be responsible to anyone other than Acacia for providing the
protections afforded to clients of J.P. Morgan Cazenove, nor for providing
advice in relation to any matter referred to herein.

RBC Europe Limited (trading as RBC Capital Markets), which is authorised by
the Prudential Regulation Authority and regulated by the Financial Conduct
Authority and the Prudential Regulation Authority in the United Kingdom, is
acting for Acacia and no one else in connection with the matters referred to
in this announcement and will not be responsible to anyone other than Acacia
for providing the protections afforded to clients of RBC Capital Markets, or
for providing advice in connection with the matters referred to in this
announcement.

Lazard & Co., Limited (“Lazard”), which is authorised and regulated in the
United Kingdom by the Financial Conduct Authority, is acting exclusively for
the Transaction Committee of Acacia Mining plc and for no one else in
connection with the matters set out in this announcement and will not be
responsible to anyone other than the Transaction Committee of Acacia Mining
plc for providing the protections afforded to clients of Lazard nor for
providing advice in relation to the matters referred to in this announcement.
Neither Lazard nor any of its affiliates owes or accepts any duty, liability
or responsibility whatsoever (whether direct or indirect, whether in contract,
in tort, under statute or otherwise) to any person who is not a client of
Lazard in connection with this announcement, any statement contained herein or
otherwise.

About ACACIA

Acacia Mining plc (LSE:ACA) is the UK holding company of the Acacia Group,
Tanzania’s largest gold miner and one of the largest producers of gold in
Africa. The Acacia Group has three mines, all located in north-west Tanzania:
Bulyanhulu, which is owned and operated by Bulyanhulu Gold Mine Limited,
Buzwagi, which is owned and operated by Pangea Minerals Limited and North
Mara, which is owned and operated by North Mara Gold Mine Limited. The Acacia
Group also has a portfolio of exploration projects in Kenya, Burkina Faso and
Mali. Acacia Mining plc is a UK public company headquartered in London. It is
listed on the Main Market of the London Stock Exchange with a secondary
listing on the Dar es Salaam Stock Exchange. Barrick Gold Corporation is the
majority shareholder of Acacia Mining plc.

Disclaimer and forward-looking statements

This announcement is for information purposes only and does not constitute an
invitation or offer to underwrite, subscribe for or otherwise acquire or
dispose of any securities of Acacia in any jurisdiction. This announcement
includes “forward-looking statements” that express or imply expectations
of future events or results as opposed to historical facts. These statements
include, financial projections and estimates and their underlying assumptions,
statements regarding plans, objectives and expectations with respect to future
production, operations, costs, projects, and statements regarding future
performance. Forward-looking statements are generally identified by the words
“plans,” “expects,” “anticipates,” “believes,” “intends,”
“estimates” and other similar expressions. All forward-looking statements
involve a number of risks, uncertainties and other factors, many of which are
beyond the control of Acacia, which could cause actual results and
developments to differ materially from those expressed in, or implied by, the
forward-looking statements contained herein. Factors that could cause or
contribute to differences between the actual results, performance and
achievements of Acacia include, but are not limited to, changes or
developments in political, economic or business conditions or national or
local legislation or regulation in countries in which Acacia conducts - or may
in the future conduct - business, industry trends, competition, fluctuations
in the spot and forward price of gold or certain other commodity prices (such
as copper and diesel), currency fluctuations (including the US dollar, South
African rand, Kenyan shilling and Tanzanian shilling exchange rates),
Acacia’s ability to successfully integrate acquisitions, Acacia’s ability
to recover its reserves or develop new reserves, including its ability to
convert its resources into reserves and its mineral potential into resources
or reserves, and to process its mineral reserves successfully and in a timely
manner, Acacia’s ability to complete land acquisitions required to support
its mining activities, operational or technical difficulties which may occur
in the context of mining activities, delays and technical challenges
associated with the completion of projects, risk of trespass, theft and
vandalism, changes in Acacia’s business strategy and ongoing implementation
of operational reviews, as well as risks and hazards associated with the
business of mineral exploration, development, mining and production and risks
and factors affecting the gold mining industry in general. Although Acacia’s
management believes that the expectations reflected in such forward-looking
statements are reasonable, Acacia cannot give assurances that such statements
will prove to be correct. Accordingly, investors should not place reliance on
forward-looking statements contained in this announcement. Any forward-looking
statements in this announcement only reflect information available at the time
of preparation. Save as required under the Market Abuse Regulation or
otherwise as may be required under applicable law, Acacia explicitly disclaims
any obligation or undertaking publicly to update or revise any forward-looking
statements in this announcement, whether as a result of new information,
future events or otherwise. Nothing in this announcement should be construed
as a profit forecast or estimate and no statement made should be interpreted
to mean that Acacia’s profits or earnings per share for any future period
will necessarily match or exceed its historical published profits or earnings
per share.



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