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Date: Friday 11 Apr 2008

LONDON (ShareCast) - Fresnillo, a Mexican gold and silver miner, plans to list on London’s main market next month and raise about $900m from the sale of new shares to fund growth and re-pay existing debt.

It produced about 34.4m attributable ounces of silver and 280,000 attributable ounces of gold in 2007 and generated revenues of $647.9m in the year ended 31 December.

“Fresnillo, the world's largest primary silver producer, will offer global investors exposure to not only significant current production but also growth potential,” said chief executive Jaime Lomelin.

“We believe that investors will also be encouraged by Fresnillo's record of cost management and our focus on safety and environmental performance,” Lomelin added.

Egyptian real estate developer Palm Hills Developments (PHD) plans to list its shares and global depositary receipts in Cairo and London.

The group, which develops high-end residential real estate and resort projects, said the global offering is expected to close in May.

PHD intends to use the net proceeds to fund existing and future development projects and to expand its land bank both in Egypt and abroad.

“Palm Hills is one of Egypt's leading real estate developers and is well positioned to exploit the strong economic and demographic fundamentals in Egypt,” said chairman and chief executive Yasseen Mansour.

“The Global Offering will enable us to expand this reputation and provide capital to pursue further strategic land acquisition opportunities in Egypt and abroad,” he added.

The group generated revenues of $96.7m in the year ended 31 December 2007 and net profits of $32.5m. The market value of PHD's properties has been valued at $3.5bn at the end of March.

PHD's controlling shareholder is El Mansour and El Maghraby for Investment & Development, which owns about 66% of the company.