Holding(s) in Company

For filings with the FSA include the annex                                              
                                                                                        
For filings with issuer exclude the annex                                               
                                                                                        
                                                                                        
                                                                                        
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                         
                                                                                        
                                                                                        
                                                                                        
1. Identity of the issuer or the underlying issuer              Conroy Diamonds and Gold
of existing shares to which voting rights are                                     P.l.c.
attached:ii                                                                             
                                                                                        
2 Reason for the notification (please tick the appropriate box or boxes):               
                                                                                        
An acquisition or disposal of voting rights                                        X    
                                                                                        
An acquisition or disposal of qualifying financial instruments which may                
result in the acquisition of shares already issued to which voting rights are           
attached                                                                                
                                                                                        
An acquisition or disposal of instruments with similar economic effect to               
qualifying financial instruments                                                        
                                                                                        
An event changing the breakdown of voting rights                                        
                                                                                        
Other (please specify):                                                                 
                                                                                        
3. Full name of person(s) subject to the                       SF T1ps Smaller Companies
notification obligation:iii                                                    Gold Fund
                                                                                        
4. Full name of shareholder(s)                                                          
 (if different from 3.):iv                                                              
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                                          19th May 2010
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                          28th May 2010
                                                                                        
7. Threshold(s) that is/are crossed or                                                5%
reached: vi, vii                                                                        
                                                                                        

8. Notified details:                                                                              
                                                                                                  
A: Voting rights attached to shares viii, ix                                                      
                                                                                                  
Class/    Situation previous                 Resulting situation after the triggering transaction 
type of   to the triggering                                                                       
shares    transaction                                                                             
                                                                                                  
                                                                                                  
if        Number                Number       Number    Number of voting        % of  voting rights
possible  of                    of           of shares rights                  x                  
using     Shares                Voting                                                            
the ISIN                        Rights                                                            
CODE                                         Direct    Direct xi Indirect xii  Direct  Indirect   
                                                                                                  
                                                                                                  
                                                                                                  
                                             7,142,857 7,142,857                                  
          2,857,143             2,857,143                                      3.75               
                                                                                                  
                                                                                                  
                                                                                                  
                                                                                                  
                                                                                                  
B: Qualifying Financial Instruments                                                               
                                                                                                  
Resulting situation after the triggering transaction                                              
                                                                                                  
Type of      Expiration          Exercise/              Number of voting             % of voting  
financial    date xiii           Conversion Period xiv  rights that may be           rights       
instrument                                              acquired if the                           
                                                        instrument is                             
                                                        exercised/ converted.                     
                                                                                                  
                                                                                                  
                                                                                                  
                                                                                                  
                                                                                                  
C: Financial Instruments with similar economic effect to Qualifying Financial                     
Instruments xv, xvi                                                                               
                                                                                                  
Resulting situation after the triggering transaction                                              
                                                                                                  
Type of     Exercise price      Expiration Exercise/   Number of voting rights    % of voting     
financial                       date xvii  Conversion  instrument refers to       rights xix, xx  
instrument                                 period                                                 
                                           xviii                                                  
                                                                                                  
                                                                                  Nominal Delta     
                                                                                                  
                                                                                                  
                                                                                                
Total (A+B+C)                                                                                     
                                                                                                  
Number of voting rights                             Percentage of voting rights                   
                                                                                                  
7,142,857                                                                                         
                                                    3.75                                          
                                                                                                  

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
                                                                                       
Proxy Voting:                                                                           
                                                                                        
10. Name of the 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:                                                           Terry Franks
                                                                                        
15. Contact telephone number:                                               07500 804045
                                                                                        


 

Note: Annex should only be submitted to the FSA not the issuer                          
                                                                                        
Annex: Notification of major interests in sharesxxii                                    
                                                                                        
                                                                                        
                                                                                        
A: Identity of the persons or legal entity subject to the notification                  
obligation                                                                              
                                                                                        
Full name                                                                               
                                                                                        
(including legal form of legal entities)        SF T1ps Smaller Companies Gold Fund     
                                                                                        
                                                                                        
                                                                                        
Contact address                                 Oxford House                            
                                                                                        
(registered office for legal entities)          Oxford Road                             
                                                                                        
                                                Aylesbury                               
                                                                                        
                                                Buckinghamshire                         
                                                                                        
                                                HP21 8SZ                                
                                                                                        
                                                                                        
                                                                                        
Phone number & email                            07500 804045
                                                                                        
                                                [e-mail]
                                                                                        
Other useful information                                                                
                                                                                        
(at least legal representative for legal                                                
persons)                                                                                
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
B: Identity of the notifier, if applicable                                              
                                                                                        
Full name                                                                               
                                                Terry Franks                            
                                                                                        
                                                                                        
Contact address                                 T1ps Investment Management Limited      
                                                                                        
                                                44-46 New Inn Yard                      
                                                                                        
                                                London EC2A 3EY                         
                                                                                        
Phone number & email                            07500 804045                            
                                                                                        
                                                [e-mail]
                                                                                        
Other useful information                                                                
                                                                                        
(e.g. functional relationship with the person   Fund Manager                            
or legal entity subject to the notification                                             
obligation)                                                                             
                                                                                        
                                                                                        
                                                                                        
C: Additional information                                                               
                                                                                        
                                                                                        
                                                                                        
For notes on how to complete form TR-1 please see the FSA website.