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Condensed Consolidated Interim Financial Statements for the Six Months Ended 31 December 2006

05 March 2007

Petmin, the Johannesburg–based AIM and JSE–listed (AIM: PTMN) (JSE: PET) mining company, today announces its interim financial results for the six months to 31 December 2006.

Highlights:

• Successful secondary listing on AIM raises GBP3.5 million (R49 million)
• Headline EPS increases by 27%
• Somkhele development nearing completion and first sales expected 2nd quarter 2007 as planned
• Agreement concluded to dispose of Baobab investment for GBP2.5 million (R35 million)

NB: The amounts listed in Pounds Sterling (GBP) and Rand (R) have been based on an exchange rate of GBP1:R14.

For the full interim financial statements, please see:

• Condensed Consolidated Interim Financial Statements for the six months ended 31 December 2006 (PDF - 67KB)