AFRICAN BARRICK GOLD PLC: Completion of Placing by Barrick Gold Corporation

 AFRICAN BARRICK GOLD PLC: Completion of Placing by Barrick Gold Corporation 11 March 2014             African Barrick Gold plc (the "Company" or "ABG")                            Completion of Placing by Barrick Gold Corporation                 ABG notes the announcement by Barrick Gold Corporation ("Barrick") that it has completed the sale of 41 million shares, representing 10% of the issued share capital of ABG, and has entered into a lock-up agreement for its remaining holding for the next 120 days. This transaction is consistent with Barrick's ongoing portfolio optimisation strategy. Following the transaction, Barrick's holding in ABG is reduced to 63.9%.  Commenting, Brad Gordon, CEO of African Barrick Gold said "This is a positive step by Barrick which significantly increases our free float. The placing is a reflection of the increased interest in the business as a result of the progress we are making as we continue to drive improved operational delivery from our high quality asset base."  ENQUIRIES  For further information contact:  African Barrick Gold plc       +44 20 7129 7150  Andrew Wray, Chief Financial Officer Giles Blackham, Investor Relations Manager  Bell Pottinger        +44 207 861 3800  Daniel Thöle  END 
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