Notification of major interest in shares

+------------------------------------------------+
| TR-1: Notification of Major Interest in Shares |
+------------------------------------------------+



+-------------------------------------------------------------------------------------+
|                                                         | Chaarat Gold Holdings Ltd |
| 1. Identity of the issuer or the underlying issuer of   |                           |
| existing shares to which voting rights are attached:    |                           |
|-------------------------------------------------------------------------------------|
|                                                                                     |
| 2. Reason for notification (yes/no)                                                 |
|-------------------------------------------------------------------------------------|
|                                                                     | Yes           |
| An acquisition or disposal of voting rights                         |               |
|---------------------------------------------------------------------+---------------|
|                                                                     |               |
| An acquisition or disposal of financial instruments which may       |               |
| result in the acquisition of shares already issued to which voting  |               |
| rights are attached                                                 |               |
|---------------------------------------------------------------------+---------------|
|                                                                     |               |
| An event changing the breakdown of voting rights                    |               |
|---------------------------------------------------------------------+---------------|
|                                                                     |               |
| Other (please specify):______________                               |               |
|-------------------------------------------------------------------------------------|
|                                                 | Cape Lambert Iron Ore Limited     |
| 3. Full name of person(s) subject to            |                                   |
| notification obligation:                        |                                   |
|-------------------------------------------------+-----------------------------------|
|                                                 | Mineral Securities (UK) Ltd       |
| 4. Full name of shareholder(s) (if different    |                                   |
| from 3):                                        |                                   |
|-------------------------------------------------+-----------------------------------|
|                                                 | 6 November 2009                   |
| 5. Date of transaction (and date on which the   |                                   |
| threshold is crossed or reached if different):  |                                   |
|-------------------------------------------------+-----------------------------------|
|                                                 | 10 November 2009                  |
| 6. Date on which issuer notified:               |                                   |
|-------------------------------------------------+-----------------------------------|
|                                                 |                                   |
| 7. Threshold(s) that is/are crossed or reached: | 6%                                |
+-------------------------------------------------------------------------------------+



+-------------------------------------------------------------------------------------+
| 8: Notified Details                                                                 |
|-------------------------------------------------------------------------------------|
| A: Voting rights attached to shares                                                 |
|                                                                                     |
|-------------------------------------------------------------------------------------|
| Class/type | Situation previous to | Resulting situation after the triggering       |
| of shares  | the triggering        | transaction                                    |
| If         | transaction           |                                                |
| possible   |-----------------------+------------------------------------------------|
| use ISIN   | Number of | Number of | Number | Number of voting  | Percentage of     |
| code       | shares    | voting    | of     | rights            | voting rights     |
|            |           | rights    | shares |-------------------+-------------------|
|            |           |           |        |        |          |        |          |
|            |           |           |        | Direct | Indirect | Direct | Indirect |
|------------+-----------+-----------+--------+--------+----------+--------+----------|
| Sedol      | 6,801,300 | 6,801,300 |   0    |   0    |    0     |   0%   |    0     |
| (B24FXV6)  |           |           |        |        |          |        |          |
|-------------------------------------------------------------------------------------|
|                                                                                     |
|                                                                                     |
+-------------------------------------------------------------------------------------+




+-------------------------------------------------------------------------------------+
| B: Financial Instruments                                                            |
|                                                                                     |
|-------------------------------------------------------------------------------------|
| Resulting situation after the triggering transaction                                |
|                                                                                     |
|-------------------------------------------------------------------------------------|
| Type of    | Expiration | Exercise/   | No. of voting rights that may  | Percentage |
| financial  | date       | conversion  | be acquired (if the instrument | of voting  |
| instrument |            | period/date | exercised/converted)           | rights     |
|------------+------------+-------------+--------------------------------+------------|
| N/A        | N/A        | N/A         | N/A                            | N/A        |
+-------------------------------------------------------------------------------------+



+-------------------------------------------------------+
| Total (A+B)                                           |
|                                                       |
|-------------------------------------------------------|
| Number of voting rights | Percentage of voting rights |
|-------------------------+-----------------------------|
|                         |                             |
|                         |                             |
+-------------------------------------------------------+



+-------------------------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting rights and /or the     |
| financial instruments are effectively held, if applicable:                          |
|-------------------------------------------------------------------------------------|
|                                                                                     |
+-------------------------------------------------------------------------------------+



+------------------------------------------------------------------------+
| Proxy Voting:                                                          |
|                                                                        |
|------------------------------------------------------------------------|
| 10. Name of 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: | N/A                  |
|                             |                      |
|-----------------------------+----------------------|
| 14 Contact name:            | Linda Naylor         |
|                             |                      |
|-----------------------------+----------------------|
| 15. Contact telephone name: | [phone] |
|                             |                      |
+----------------------------------------------------+

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This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.