Rebuttal of Apple Document

Aminex PLC 9 April 2002 FOR IMMEDIATE RELEASE AMINEX PLC ("Aminex" or "the Company") Aminex Rebuts Apple Document We have seen Apple's latest offer document. This is a disgraceful attempt to mislead shareholders by presenting opinion as fact. It makes no attempt to justify Apple's repeated claim that its complex Loan Note proposal has value: not surprisingly, because it has no guaranteed value. The document avoids rational discussion of the key issues and merely seeks to discredit Aminex's management and serve up distorted facts in a misleading way. It contains inaccuracies which your Board refutes in the strongest terms. We will be putting forward a balanced reply in due course which will clearly demonstrate to shareholders the cynical emptiness of Apple's offer. In the meantime, shareholders should continue to take no action. Brian Hall, Chief Executive of Aminex, said today: "Apple's offer is the clearest evidence possible that empty vessels make the most noise. Apple offers nothing new, nothing to reassure shareholders about their Loan Note, nothing of substance. Nothing is perhaps to be expected from Mr. David McErlain, who was forced to resign as chairman of Anglo United following its disastrous losses and destruction of shareholder value. "I am sure shareholders will not be impressed by this nonsense. At the end of last week, over 82% of Aminex's shareholders had chosen to ignore or reject Apple's offer. They should continue to do so." 9 April 2002 Enquiries: Aminex PLC +44 (0)20 7240 1600 Brian Hall Davy Corporate Finance Limited +353 1 679 6363 Hugh McCutcheon College Hill +44 (0)20 7457 2020 James Henderson Archie Berens Dennehy Associates +353 1 676 4733 Michael Dennehy Responsibility Statement The directors of Aminex accept responsibility for the information contained in this announcement except that the only responsibility accepted in respect of the information relating to Apple, which has been compiled from published sources, is to ensure that it has been correctly and fairly reproduced and presented. Subject as aforesaid, to the best of the knowledge and belief of the directors of Aminex (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement for which they accept responsibility is in accordance with the facts and does not omit anything likely to affect the import of such information. Davy Corporate Finance Limited, which is authorised to carry on investment business in Ireland by the Central Bank of Ireland, is acting exclusively for Aminex and no one else in connection with the offer and will not regard any other person as its client or be responsible to any person other than Aminex for providing the protections afforded to clients of Davy Corporate Finance Limited, nor for giving advice to any such person in relation to the offer. Davy Corporate Finance Limited has approved the contents of this announcement solely for the purpose of section 21 of the Financial Services and Markets Act 2000. The principal place of business of Davy Corporate Finance Limited is Davy House, 49 Dawson Street, Dublin 2, Ireland. Davy Corporate Finance Limited has given and has not withdrawn its consent to the issue of this announcement with the inclusion of its advice in the form and context in which it is included. This information is provided by RNS The company news service from the London Stock Exchange