Holding(s) in Company

+------------------------------------------------------------------------------+
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)                             |
+----------------------------------------------+-------------------------------+
                                               |
+----------------------------------------------+-------------------------------+
|1. Identity of the issuer or the underlying   |                               |
|issuer                                        |      Chaarat Gold Holdings Ltd|
|of existing shares to which voting rights are |                               |
|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):|                                          |           |
+-----------------------+--------------+---------------------------+-----------+
|                                      |First State Investment Management (UK) |
|3. Full name of person(s) subject to  |Limited                                |
|the                                   |                                       |
|notification obligation:(iii)         |First State Investment International   |
|                                      |Limited                                |
+--------------------------------------+---------------------------------------+
|4. Full name of shareholder(s)        |                                       |
| (if different from 3.):(iv)          |                                       |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on|22(th) Feb 2011                        |
|which the threshold is crossed or     |                                       |
|reached:(v)                           |                                       |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified:     |24(th) Feb 2011                        |
+--------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or|3%, 4%                                 |
|reached:(vi, vii)                     |                                       |
+-----------------------+--------------+-------+-------------------+-----------+



+--------------------------------------------------------------------------------+
|8. Notified details:                                                            |
+--------------------------------------------------------------------------------+
|A: Voting rights attached to shares (viii, ix)                                  |
+------------+---------------------+---------------------------------------------+
|Class/type  |Situation previous   |Resulting situation after the triggering     |
|of          |to the triggering    |transaction                                  |
|shares      |transaction          |                                             |
|            +---------+-----------+------------+----------------+---------------+
|            |Number   |Number     |Number      |Number of voting|% of  voting   |
|if possible |of       |of         |of shares   |rights          |rights (x)     |
|using       |  ares   |Vo ing     +------------+------+---------+------+--------+
|the ISIN    |         |Rights     |Direct      |Direct|Indirect |Direct|Indirect|
|CODE        |         |           |            |(xi)  |(xii)    |      |        |
+------------+---------+-----------+------------+------+---------+------+--------+
|            |         |           |            |      |         |      |        |
|            |         |           |            |      |         |      |        |
|VGG203461055|4,423,150|4,423,150  |6,441,791   |      |6,441,791|      |4.29%   |
+------------+         |           |            |      |         |      |        |
|            |         |           |            |      |         |      |        |
+------------+---------+-----------+------------+------+---------+------+--------+



+--------------------------------------------------------------------------------+
|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  |rights       |
|instrument    |          |                      |be               |             |
|              |          |                      |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|Expiration|Exercise/    |Number of voting |% of voting   |
|financial    |price   |date      |Conversion   |rights instrument|rights (xix,  |
|instrument   |        |(xvii)    |period(xviii)|refers to        |xx)           |
|             |        |          |             |                 |              |
|             |        |          |             |                 |              |
+-------------+--------+----------+-------------+-----------------+-------+------+
|             |        |          |             |                 |Nominal|Delta |
|             |        |          |             |                 +-------+------+
|             |        |          |             |                 |       |      |
+-------------+--------+----------+-------------+-----------------+-------+------+

+--------------------------------------------------------------------------------+
|Total (A+B+C)                                                                   |
+-----------------------------------+--------------------------------------------+
|Number of voting rights            |Percentage of voting rights                 |
+-----------------------------------+--------------------------------------------+
|                                   |                                            |
|6,441,791                          |                                            |
|                                   |4.29%                                       |
+------------+++-------+--+-------+++-----------++-----+---------+++----+-+------+



+------------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or the|
|financial instruments are effectively held, if applicable:(xxi)               |
+------------------------------------------------------------------------------+
|                                                                              |
|                                                                              |
|All voting rights on all shares are controlled by First State Investment      |
|Management (UK) Limited and First State International Limited                 |
|                                                                              |
|                                                                              |
+------------------------------------------------------------------------------+

+------------------------------------------------------------------------------+
|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:            |Ping Chen                                       |
+-----------------------------+------------------------------------------------+
|15. Contact telephone number:|[phone]                                |
+-----------------------------+----------------+-------------------------------+


Enquiries


Chaarat Gold Holdings Limited
c/o Central Asia Services Limited           [phone]


Dekel Golan                                 [e-mail]

Linda Naylor                                [e-mail]



Westhouse Securities Limited                [phone]

Tim Feather                                 [e-mail]

Richard Baty                                [e-mail]



Smith's Corporate Advisory                  [phone]

Dominic Palmer-Tomkinson                    [e-mail]












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(i) the releases contained herein are protected by copyright and 
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(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Chaarat Gold Holdings Ltd via Thomson Reuters ONE

[HUG#1492490]