Holding(s) in Company

GCM Resources PLC
14 February 2008

Form TR-1 with annex. FSA Version 2.1 updated April 2007


For filings with the FSA include the annex
For filings with issuer exclude the annex


TR-1: Notifications of Major Interests in Shares


1. Identity of the issuer or the underlying issuer of         GCM RESOURCES PLC
existing shares to which voting rights are attached:

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights                           No

An acquisition or disposal of financial instruments 
which may result in the acquisition                                   No
of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights                      No

Other (please specify): Agreement under DTR 5.2.1(a)                  Yes


3. Full name of person(s) subject to notification    Polo Resources Limited, Stephen R Dattels,
obligation:                                          Guy Elliot


4. Full name of shareholder(s) (if different from    Cenkos Channel Islands Nominee Company, Asteria
3):                                                  Establishment and Raymond James


5. Date of transaction (and date on which the        12 February 2008
threshold is crossed or reached if different):


6. Date on which issuer notified:                    13 February 2008


7. Threshold(s) that is/are crossed or reached:      3%, 4% and 5%








8: Notified Details


A: Voting rights attached to shares

Class/type of  Situation previous to the Resulting situation after the triggering transaction
shares         triggering transaction

               Number of    Number of    Number of    Number of voting rights  Percentage of voting
If possible    shares       voting       shares                                rights
use ISIN code               rights                    Direct      Indirect     Direct       Indirect

ORD.              Less than 3%           2,815,746   2,815,746      -          5.77%         -


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


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

2,815,746                                            5.77%





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:

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

13. Additional information:                          None

14 Contact name:                                     D. Smith

15. Contact telephone name:                          [phone]



For notes on how to complete form TR-1 please see the FSA website.


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