Kalahari Minerals plc, the AIM listed resource company, today announces the exercise of 4,000,000 options into new ordinary shares of 1p each ("Ordinary Shares") in Kalahari by Mark Hohnen, the Company's Executive Chairman.

On 9 January 2012, Mr Hohnen exercised options over 2,000,000 Ordinary Shares at a price of 30 pence per Ordinary Share and 2,000,000 Ordinary Shares at a price of 40 pence per Ordinary Share (together, the "New Ordinary Shares"). As a result of these transactions, Mr Hohnen is beneficially interested in 8,341,313 Ordinary Shares, representing approximately 3.27 per cent. of the enlarged issued share capital, and a further 3,500,000 options.

Application has been made for the New Ordinary Shares to be admitted to trading on AIM ("Admission"), which is anticipated to occur on 13 January 2012.

For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, the total number of Ordinary Shares in issue following Admission will be 254,765,894, each carrying the right to one vote.

The above figure of 254,765,894 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Kalahari under the FSA's Disclosure and Transparency Rules.