Holding(s) in Company

Beowulf Mining PLC
03 April 2006


                               BEOWULF MINING PLC

The Company has today received notification that City Equities Limited no longer
has an interest in the ordinary shares of the Company.

For further information :-

Dr. Robert Young,      Beowulf Mining plc              Tel: [phone]
Gavin Burnell,         Ruegg & Co. Limited             Tel: [phone]
Nick Bealer,           King & Shaxson                  Tel: [phone]
Gary Middleton,        St Swithin's Public Relations   Tel [phone]


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