Interest Payment on Katanga Notes

December 10, 2008

LONDON, UK December 10, 2008 – Katanga Mining Limited (TSX – KAT) ("Katanga" or the "Company") announced today that the semi-annual interest payment on its outstanding 14% unsecured subordinated notes (the "Notes") due November 30, 2013 will be made on or about January 2, 2009 to noteholders of record on December 16, 2008 (the "Record Date"). Holders of Notes on the Record Date will receive a cash payment of $70.58 for every $1,000 principal amount of Notes held.

At the close of business on December 10, 2008, Katanga had an aggregate of $124,835,950 principal amount of Notes issued and outstanding.

 

For further information contact:

Anu Dhir Varshan Gokool Nigel O’Connor
VP, Corporate Development Director, Finance & Treasury Manager Communications
Tel: +44 (0)20 7440 5800 Tel: +44 (0)20 7440 5848 Tel: +44 (0)20 7440 5800

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