DECA

Start of trading on AIM

White Nile Limited 10 February 2005 10 February 2004 White Nile Ltd ('White Nile' or 'the Company') Start of trading on AIM The Directors of White Nile Ltd are pleased to announce the Company's admission on to the London Stock Exchange's AIM Market. White Nile Ltd is a newly incorporated company established to identify and acquire projects in the natural resources sector with particular emphasis on oil projects within Africa. The Directors intend acquiring such projects either through majority or minority stakes or through joint ventures. It is expected that most opportunities will require dedicated funding to take them forward. The Company intends to actively participate in development of the projects in which it invests either itself or through joint venture arrangements. To finance the Company in its early stages, prior to admission White Nile raised £9,000,000 from institutions and private investors. At present the Directors have identified several opportunities but no firm commitment has been entered into by the Company. In particular, White Nile is negotiating with the new Government of South Sudan re certain oil concessions in the newly recognised autonomous state, established following the Sudan peace accord announced on 9 January 2005. The Directors are optimistic that these negotiations will come to fruition shortly. * * E N D S * * Issued on behalf of White Nile Ltd by St Brides Media & Finance Ltd, 46 Bedford Row, London WC1R 4LR. Contacts: Phil Edmonds White Nile Ltd Tel: 0845 108 6060 Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7242 4477 This information is provided by RNS The company news service from the London Stock Exchange