Rio Tinito: Result of Rio Tinto limited rights issue shortfall placement

Friday, 3 July 2009 12:00 AM

Rio Tinto announced previously that it had received valid acceptances in respect of 142,149,887 New Rio Tinto Limited Shares, representing approximately 94.76% of the total number of New Rio Tinto Limited Shares offered to Public Shareholders pursuant to the fully underwritten Rights Issue announced by Rio Tinto Limited on 5 June 2009.

Rio Tinto confirms that Credit Suisse, J.P. Morgan and Macquarie have procured purchasers for the remaining 7,865,410 New Rio Tinto Limited Shares for which valid acceptances were not received at a price of A$48.50 per New Rio Tinto Limited Share.

In accordance with the terms of the Rights Issue the net proceeds of A$20.10 per New Rio Tinto Limited Share, calculated after deduction of the Issue Price of A$28.29 per New Rio Tinto Limited Share and the expenses of procuring purchasers (including any applicable brokerage fees and commissions and amounts in respect of GST), will be paid on or about 10 July 2009 to those persons whose entitlements have lapsed, subject to any withholding required by law.

The results of the Rio Tinto plc Rights Issue shortfall placement have already been announced to ASX.

If you have further questions, please telephone the Rio Tinto Limited Shareholder Helpline or the Rio Tinto plc Shareholder Helpline on the numbers set out below. The helplines are available from 8.30 a.m. to 5.30 p.m. (Melbourne time and London time, respectively) Monday to Friday (except bank and other public holidays) and are expected to remain open until 24 July 2009 and 22 July 2009, respectively.

Rio Tinto Limited Shareholder Helpline
1800 813 292 (from inside Australia)
+61 3 9415 4030 (from outside Australia)

Rio Tinto plc Shareholder Helpline
0800 435 021 (from inside the UK)
+44 (0) 870 703 6364 (from outside the UK)

Please note that, for legal reasons, the Rio Tinto Limited Shareholder Helpline and the Rio Tinto plc Shareholder Helpline are only able to provide information contained in the relevant offer documents and information relating to Rio Tinto Limited's and Rio Tinto plc's registers of members and are unable to give advice on the merits of the Rights Issues, or provide legal, financial, tax or investment advice.

About Rio Tinto

Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.

Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa.

Credit Suisse Securities (Europe) Limited, J.P. Morgan Cazenove Limited and Macquarie Capital Advisers Limited are acting as joint global co-ordinators.

Credit Suisse Securities (Europe) Limited and J.P. Morgan Cazenove Limited are acting as joint sponsors and corporate brokers with respect to the Rights Issue for Rio Tinto plc. The Rights Issue for Rio Tinto plc is fully underwritten by Credit Suisse Securities (Europe) Limited, J.P. Morgan Securities Ltd. on behalf of its affiliate J.P. Morgan Cazenove Limited, Deutsche Bank AG, London branch and Morgan Stanley & Co International plc as joint bookrunners and Macquarie Capital (Europe) Limited, RBS Hoare Govett Limited and Société Générale SA as co-bookrunners.

The Rights Issue for Rio Tinto Limited is fully underwritten by Credit Suisse Securities (Australia) Limited, J.P. Morgan Australia Limited, Macquarie Capital Advisers Limited and RBS Equity Capital Markets (Australia) Limited as joint bookrunners and Deutsche Bank AG, Sydney branch, Morgan Stanley Australia Securities Limited and Société Générale SA as co-bookrunners.

For more information contact:

Media Relations, Australia
Amanda Buckley
Office: +61 (0) 3 9283 3627
Mobile: +61 (0) 419 801 349

Ian Head
Office: +61 (0) 3 9283 3620
Mobile: +61 (0) 408 360 101

Media Relations London
Nick Cobban
Office: +44 (0) 20 7781 1138
Mobile: +44 (0) 7920 041 003

Christina Mills
Office: +44 (0) 20 7781 1154
Mobile: +44 (0) 7825 275 605

Investor Relations, Australia
Dave Skinner
Office: +61 (0) 3 9283 3628
Mobile: +61 (0) 408 335 309

Simon Ellinor
Office +61 (0) 7 3361 4365
Mobile +61 (0) 439 102 811

Investor Relations, London
Nigel Jones
Office: +44 (0) 20 7781 2049
Mobile: +44 (0) 7917 227 365

David Ovington
Office: +44 (0) 20 7781 2051
Mobile: +44 (0) 7920 010 978

Credit Suisse
James Leigh-Pemberton
Tristan Lovegrove
Office: +44 (0) 20 7888 8888

Credit Suisse (Australia)
Campbell Lobb
Office: +61 (0) 2 8205 4400

J.P. Morgan Cazenove
Charles Harman, Adam Brett,
Jonathan Wilcox
Office: +44 (0) 20 7588 2828

J.P. Morgan Australia
Matthew Roberts
Office: +61 (0) 2 9220 3175

Macquarie
Geoff Joyce, Neil Watson
Office: +61 (0) 2 8232 3333

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