ALTN Altyngold Plc

TIDMALTN

RNS Number : 5918W

Altyn PLC

15 November 2017

Altyn Plc

("Altyn" or the "Company")

Altyn transparency disclosure 2016

The Reports on Payments to Governments Regulations (UK Regulations) requires UK companies in the extractive sectors to publically disclose payments made to governments in the countries where they undertake extractive operations.

Altyn's sole country of operation is Kazakhstan. The payments made by Altyn plc and its subsidiaries during the period to December 2016 are shown in US dollars in the table below:

 
 Licence /        Royalties   Income    Bonus     Licence   Infrastructure   Total 
  company                      taxes               fees      improvements 
---------------  ----------  --------  --------  --------  ---------------  ---------- 
 Altyn plc        0           0         0         0         0                0 
---------------  ----------  --------  --------  --------  ---------------  ---------- 
 DTOO GRP 
  Baurgold        608,000     114,000   0         175,000   0                897,000 
---------------  ----------  --------  --------  --------  ---------------  ---------- 
 TOO GMK Altyn 
  MM              92,000      0         127,000   0         0                219,000 
---------------  ----------  --------  --------  --------  ---------------  ---------- 
 Total            700,000     114,000   127,000   175,000   0                1,116,000 
---------------  ----------  --------  --------  --------  ---------------  ---------- 
 

All payments are made on a cash basis and payments are recorded in US dollars using the rate of exchange at the date the payments were made.

Further Information:

For further information please contact:

Altyn Plc

Rajinder Basra

+44 (0) 207 932 2456

Information on the Company

Altyn Plc (LSE:ALTN) is an exploration and development company, which is listed on the standard segment of the London Stock Exchange.

To read more about Altyn Plc please visit our website www.altyn.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 15, 2017 06:52 ET (11:52 GMT)

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