UFG Shareholding

RNS Number:0635N
Trans-Siberian Gold PLC
01 February 2008



                            Trans-Siberian Gold plc

                       UFG Asset Management shareholding


London: 1 February 2008 - Trans-Siberian Gold plc ("TSG" or "the Company")
(TSG.L) reports that it has been notified by UFG Asset Management ("UFG") that a
company associated with UFG has purchased 1,575,000 TSG ordinary shares at a
price of �0.28 per share. The acquisition by its associate, combined with its
existing holding of 29.13% of the Company's shares, increases UFG's interest in
TSG to 32.96%.

The Company has been advised by its NOMAD Seymour Pierce that the Company is not
subject to The City Code on Takeovers and Mergers ("The Code") and that UFG has
no obligation under the Code to make a general offer for shares in TSG however
UFG has also advised the Company that it is offering to purchase any number of
TSG shares from other shareholders at a price of �0.28 per share until 15 March
2008.

The directors other than those nominated by UFG note that this offer price
represents a substantial discount to UFG's own minimum valuation of TSG, as
advised to the Company in the third quarter of 2007, at a time when the gold
price was significantly lower.

The directors other than those nominated by UFG advise TSG shareholders to take
no action pending clarification from UFG, whereafter the Company will make a
further announcement.


                                      Ends


Contacts:

TSG
Simon Olsen         +44 (0) 1223 265768
                    +44 (0) 7770 484965


Seymour Pierce
Stuart Lane         +44 (0) 20 7107 8000


Bankside
Keith Irons         +44 (0) 20 7367 8873
Oliver Winters



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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