Holding(s) in Company

Braemar Shipping Services PLC
01 November 2007



TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES


1.      Identity of the issuer or the underlying issuer of existing shares to
which voting rights are attached (ii):


Braemar Shipping Services plc


2.      Reason for the notification (please state Yes/No):


An acquisition or disposal of voting rights: (Y)


An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: (N)


An event changing the breakdown of voting rights: (N)


Other (please specify): (N)


3.      Full name of person(s) subject to the notification obligation (iii):


Majedie Asset Management Ltd


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
reached if different) (v):


26/10/07



6.      Date on which issuer notified:


31/10/07



7.      Threshold(s) that is/are crossed or reached:



Above 5%



8.      Notified details:



A:   Voting rights attached to shares


Class/type of shares if possible           Situation previous to the Triggering transaction (vi)
using the ISIN CODE
                                  Number of shares                   Number of voting Rights (viii)


GB0000600931                      981,084                            981,084



Resulting situation after the triggering transaction (vii)


Class/type of shares if         Number of shares         Number of voting rights (ix)  % of voting rights
possible using the ISIN CODE
                                Direct                   Direct (x)  Indirect (xi)     Direct    Indirect


GB0000600931                                                         1,067,005                   5.20%



B:   Financial Instruments

Resulting situation after the triggering transaction (xii)


Type of         Expiration Date     Exercise/Conversion       Number of voting rights     % of voting rights
financial       (xiii)              Period/ Date (xiv)        that may be acquired if the
instrument                                                    instrument is exercised/
                                                              converted.






Total (A+B)


Number of voting rights           % of voting rights

1,607,005                         5.20%



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




Proxy Voting:



10.    Name of the proxy holder:



N/a



11.    Number of voting rights proxy holder will cease to hold:



N/a



12.    Date on which proxy holder will cease to hold voting rights:



N/a



13.    Additional information:



Majedie Asset Management Ltd is a discretionary Fund Manager.  It invests funds
on behalf of its clients on a segregated basis as well as through its pooled
vehicle Majedie Asset Management Investment Fund Company.



14.    Contact name:



Sundip Singh Shihn



15.    Contact telephone number:



020 7618 3917



Annex Notification Of Major Interests In Shares xvi



A: Identity of the person or legal entity subject to the notification obligation



Full name (including legal form for legal entities)

Majedie Asset Management Ltd



Contact address (registered office for legal entities)

One Carey Lane, London, EC2V 8AE



Phone number

020 7618 3917



Other useful information (at least legal representative for legal persons)




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