Issue of Additional Securities

Document date:  Wed 04 Feb 1998
Published:  Wed 04 Feb 1998 00:00:00
Document No:  117819
Document part:  A
Market Flag:  N
Classification: 

NORMANDY MINING LIMITED                       1998-02-04  ASX-SIGNAL-G

HOMEX - Adelaide                                                      

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Between 30 January and 3 February 1998, Normandy Mining Limited
("NDY") issued 487,808 fully paid ordinary shares of which 472,000
ordinary shares were issued at $1.25 per share to employees pursuant
to the 1997 Employee Share Investment Plan. These shares will remain
in escrow for a period of one year from the date of issue.

The remaining 15,808 ordinary shares were issued to 18 employees
pursuant to the exercise of 14,365 unlisted employee incentive
options. The exercise price was $1.08 per share.

The new shares rank equally with existing ordinary shares for
dividends and interest from the date of issue of the new securities.

This information is for record purposes only pursuant to Listing Rule
3.10.5

P F Carr
COMPANY SECRETARY
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