TIDMMDM

RNS Number : 8138E

MDM Engineering Group Ltd

15 April 2014

15 April 2014

MDM Engineering Group Limited

("MDM Engineering", "MDM" or "the Company")

Update on Recommended Offer from Foster Wheeler

MDM Engineering Group Limited (AIM:MDM), the minerals process and project management company focused on the mining industry, announces the following update in relation to the recommended takeover offer from Foster Wheeler AG, as announced on 13 March 2014.

The Notice of General Meeting ("GM") containing information relating to the proposed Merger and details of the GM is now expected to be despatched to MDM shareholders on 17 April 2014, with the GM in relation to the Merger expected to be held on 9 May 2014. Subject to the approval of the Merger by MDM shareholders and timely satisfaction of the conditions precedent, MDM still expects the Transaction to be completed in late August 2014, as previously envisaged.

The Transaction remains subject to certain conditions precedent including obtaining MDM shareholder approval of the Merger at GM, securing required regulatory approvals (including clearances from the South African Competition authority and the Tanzanian Fair Competition Commission) and no material adverse changes or certain prescribed events (as defined in the MIA) having occurred in relation to MDM's business.

Note: All definitions included within this announcement are as defined in the announcement of 13 March 2014.

Enquiries:

MDM Engineering Group Limited

   Martin Smith (CEO)                                            Tel:  +27 11 993 4300

George Bennett (Executive Director)

   Canaccord Genuity Limited                             Tel: +44 (0) 207 523 8000

Neil Elliot/Chris Fincken

   Tavistock Communications                              Tel: +44 (0) 207 920 3150

Emily Fenton / Jos Simson

KEY INFORMATION:

MDM Engineering Group Limited is a minerals process and project management company focused on the mining industry. The Company provides a wide range of services from preliminary and final feasibility studies, through to plant design, construction and commissioning. To date, the Company's clients have largely been junior and mid-tier mining corporations with operations in Africa.

The MDM Engineering core technical team has a 25 year track record of completing a wide range of studies and execution projects across a variety of minerals, including precious metals, base metals, ferrous and non-ferrous metals, uranium and diamonds.

The Company has adopted an approach to project execution based on an open-book Engineering, Procurement, and Construction Management "EPCM" or "cost-plus" basis and on a Engineering, Procurement and Construct (EPC) basis. With a core focus on Africa, MDM Engineering is setting the benchmark standard for best practice in the mining services industry through its commitment to providing the highest quality services and actively engaging with clients to ensure maximum transparency.

For more information, please visit www.mdm-engineering.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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