Holding(s) in Company

Beowulf Mining PLC
26 September 2006


                               BEOWULF MINING PLC


                               Holding in Company

The Company has been advised today that Sunvest Corporation Limited has
purchased 1,100,000 ordinary shares in Beowulf Mining PLC. Sunvest now owns
3,100,000 ordinary shares of Beowulf which has 66,398,247 shares on issue. This
equates to 4.67%.


For further information contact :-


Dr. Robert Young                [phone]
Chairman
Beowulf Mining plc


Gavin Burnell                   [phone]
Ruegg & Co Limited


Nick Bealer                     [phone]
King & Shaxson Capital Limited


Charles Dampney                 [phone]
City Capital Securities Limited


Gary Middleton
St Swithin's Public Relations   [phone]


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