EGM postponed following bid

RNS Number:0136W
Nikanor Plc
02 May 2007


PROPOSED ADJOURNMENT OF NIKANOR EGM FOLLOWING APPROACH FOR COMPANY

The Board of Nikanor (the "Company") has received a preliminary approach
concerning a possible offer for the Company.  The Board has also received
expressions of interest from other parties.  The Board therefore proposes to
enter into discussions about the Company's strategic options which may or may
not lead to an offer being made for the Company.  In the circumstances, the
Board intends to adjourn the extraordinary general meeting scheduled for 3 May
2007 until 16 May 2007, as it considers it inappropriate for shareholders to
vote on the resolutions set out in the notice of extraordinary general meeting
dated 5 April 2007 at this stage.

For further information, please contact:

Nikanor PLC                                               +44 (0) 20 7529 5800
Jonathan Leslie, Executive Chairman
Peter Sydney-Smith, Finance Director
Richard Boorman, Head of Investor Relations

Citigate Dewe Rogerson                                    +44 (0)20 7638 9571
Kate Delahunty

JP Morgan Cazenove                                        +44 (0)20 7588 2828
Robert Staffler

JPMorgan Cazenove Limited, which is regulated in the United Kingdom by the
Financial Services Authority, is advising Nikanor plc and no one else and will
not be responsible to any other person for providing the protections afforded to
its clients, or for providing advice in relation to the matters referred to
herein.


Notes to Editors

Nikanor is a mining group which owns assets in the heart of the African
copperbelt in the Democratic Republic of Congo.  The group's key mine is KOV,
containing one of the world's largest high quality copper and cobalt ore bodies.
Nikanor is rehabilitating this proven and well documented brownfield site and
building a major state of the art refining plant to produce 250,000 tonnes per
year of LME A-grade copper cathode and 27,500 tonnes per year of cobalt
products.

Nikanor was admitted to the London Stock Exchange (AIM) on 17 July 2006.





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