Response to Press Comment,etc

SILVERMINES GROUP PLC 13 September 1999 SILVERMINES GROUP plc ('Silvermines' or 'the Company') In the light of recent press speculation, the Board of Silvermines wishes to state that it is not in discussions regarding a possible offer for the Company. The Board is continuing to work to implement its previously announced strategy of disposing of non-core activities. Enquiries: Silvermines Group plc 0116 222 2111 Ian Scott Gall Luther Pendragon Andrew Sharkey/Emmanuel Kenning 0171 353 1500