Offer Update

RNS Number:7424N
Trans-Siberian Gold PLC
11 February 2008



                            Trans-Siberian Gold plc

                   UFG Asset Management offer to shareholders

LONDON: 11 February 2008 - Trans-Siberian Gold plc ("TSG" or "the Company")
(TSG.L) reported on 1 February 2008 that it had been notified by UFG Asset
Management ("UFG") that a company associated with UFG had purchased 1,575,000
TSG ordinary shares at a price of �0.28 per share, thereby increasing the
interest of UFG and its associates in TSG to 32.96% of the Company's shares.

TSG also reported that it had been advised that the Company was not subject to
The City Code on Takeovers and Mergers ("the Code"). UFG therefore had no
obligation under the Code to make a general offer for shares in TSG. However UFG
had advised the Company that it was willing to purchase any number of TSG shares
from other shareholders at a price of �0.28 per share until 15 March 2008 ("the
Offer"). Shareholders willing to accept the Offer should contact the Company's
broker Seymour Pierce.

The directors other than those nominated by UFG do not recommend acceptance of
the Offer and advise TSG shareholders to take their own independent financial
advice before taking any action in relation to the Offer.


                                      Ends

Contacts:


TSG
Simon Olsen             +44 (0) 1223 265768

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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