Abbot Group Plc : Completion of the Transfer of Tulawaka

4 February 2014

               African Barrick Gold plc (the "Company" or "ABG")

                    Completion of the Transfer of Tulawaka

ABG is pleased to announce the completion of the transfer of Tulawaka and
certain exploration licences to STAMICO, the Tanzanian state mining company. As
previously announced STAMICO will take ownership and management of the
rehabilitation fund established as part of the closure plan for the mine, in
return for the assumption of all remaining past and future closure and
rehabilitation liabilities for Tulawaka, and has indemnified the other parties
to the agreement in relation to these liabilities. As a result ABG has
transferred the balance of the rehabilitation fund to STAMICO, less the
transaction consideration and other closing adjustments, which equates to a
cash payment of US$11.6 million.

ENQUIRIES

For further information contact:

African Barrick Gold plc                [phone]
Andrew Wray, Chief Financial Officer

Giles Blackham, Investor Relations Manager
Bell Pottinger                          [phone]
Daniel Thöle