RNS Number : 8726F
  Cape Lambert Iron Ore Limited
  15 October 2008
   

    15 October 2008
    CAPE LAMBERT IRON ORE LIMITED
    Ex-date - Return of Capital and Dividend 
    Cape Lambert Iron Ore Limited ("Cape Lambert" or the "Company") (ASX: CFE, AIM: CLIO) has in the past 24 hours received a large number
of enquiries from shareholders regarding the conversion of ASX listed options (due to expire on 31 October 2008) and the number and type of
securities able to take part in the Return of Capital and Dividend payment (refer ASX/AIM Announcement, 2 October 2008), therefore, we
provide the following clarifications.

    ASX Listed Options
    Holders of Company options, including those ASX listed options expiring 31 October 2008, wishing to receive the Return of Capital and
Dividend payment can do so as long as they convert their options to ordinary shares before the record date (20 October 2008). The conversion
price at this time is 27.7c per share.

    It should be stressed that relevant paperwork and cleared funds (i.e. funds cleared in the Company's account) MUST be received by Cape
Lambert by 17 October 2008. 

    After the Record Date (20 October 2008) the exercise price of all Company options will reduce by an amount proportionate to the Return
of Capital, however options converted after the record date will NOT be eligible for the Return of Capital and Dividend payment.

    Record Date & Payment details
    As previously advised the Record Date for the Return of Capital and Dividend payment is 20 October 2008. Due to increased administrative
tasks associated with the transaction the Company has sought, and had granted, a short extension to the date at which payment of the Return
of Capital and Dividend will be made. 
    The Return of Capital and Dividend payment will now be dispatched to shareholders on 31 October 2008.
    UK holders, registered as a result of trading on the AIM market, should note that arrangements are in place to make payments in UK
pounds sterling.

    FOR MORE INFORMATION PLEASE CONTACT: 
    Cape Lambert Iron Ore Limited: 
    Tony Sage +61 (0)8 9380 9555 

    Australian Enquiries: 
    Professional Public Relations 
    David Tasker +61 (0)8 9388 0944/ +61 433 112 936 

    UK Enquiries: 

    Nominated Adviser: 
    Grant Thornton UK LLP 
    Fiona Owen +44 (0)20 7383 5100 

    AIM Broker: 
    Collins Stewart Europe Limited 
    Adrian Hadden +44 (0)20 7523 8353 
    Oliver Quarmby +44 (0) 20 7523 8354 

    Conduit PR: 
    Jos Simson +44 (0)20 7429 6603/+44 (0)7899 870 450 
    Jane Stacey +44 (0)20 7429 6606 

    Website: www.capelam.com.au 



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