Holding(s) in Company

TR-1: Notifications of Major Interests in Shares                               

1. Identity of the issuer or the underlying                Beowulf Mining Plc             
issuer of existing shares to which voting                                      
rights are attached:                                                           
                                                                               
2. Reason for notification (yes/no)                                            
                                                                               
An acquisition or disposal of voting rights                       X         
                                                                               
An acquisition or disposal of financial instruments which may result           
in the acquisition of shares already issued to which voting rights             
are attached                                                                   
                                                                               
An event changing the breakdown of voting rights                               
                                                                               
Other (please specify):______________                                          
                                                                               
3. Full name of person(s) subject to                       City Equities Limited                  
notification obligation:                                                       
                                                                               
4. Full name of shareholder(s) (if                                             
different from 3):                                                             
                                                                               
5. Date of transaction (and date on                        21 August 2008                         
which the threshold is crossed or                                              
reached if different):                                                         
                                                                               
6. Date on which issuer notified:                          22 August 2008                         
                                                                               
7. Threshold(s) that is/are crossed or                     5%                                     
reached:                                                                       

8: Notified Details                                                            
                                                                               
A: Voting rights attached to shares                                            
                                                                               
Class/type      Situation             Resulting situation after the triggering         
of shares       previous to the       transaction                                      
                triggering                                                         
If possible     transaction                                                        
use ISIN                                                                       
code                                                                                                                    
                                               

           Number    Number of      Number of   Number of voting     Percentage of                   
           of        voting         shares      rights               voting rights                   
           shares    rights                                                                 
                                                                               
                                                Direct   Indirect     Direct  Indirect              
                                                                               
GB0033163287 nil      nil           4,500,000   4,500,000  nil         5.56%                             

B: Financial Instruments                                                       
                                                                               
Resulting situation after the triggering transaction                           
                                                                               
Type of        Expiration     Exercise/       No. of voting      Percentage of 
financial      date           conversion      rights that may be voting rights 
instrument                    period/date     acquired (if the                 
                                              instrument                       
                                              exercised/                       
                                              converted)                       
                                                                               

Total (A+B)                                                                    
                                                                               
Number of voting rights                 Percentage of voting rights            
                                                                               
4,500,000                               5.56%                                  

9. Chain of controlled undertakings through which the voting rights and /or the
financial instruments are effectively held, if applicable:                     
                                                                               

Proxy Voting:                                                                  
                                                                               
10. Name of proxy holder:                                                      
                                                                               
11. Number of voting rights proxy                                              
holder will cease to hold:                                                     
                                                                               
12. Date on which proxy holder will                                            
cease to hold voting rights:                                                   

13. Additional information:                                                    
                                                                               
14 Contact name:                            Chris Richards                         
                                                                               
15. Contact telephone name:                 020 7489 5500