Holding(s) in Company

For filings with the FSA include the
 annex

 For filings with issuer exclude the
 annex


+------------------------------------------------------------------------------+
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                |
+------------------------------------------------------------------------------+

+---------------------------------------------+--------------------------------+
|1. Identity of the issuer or the underlying  |                                |
|issuer                                       |       GREATLAND GOLD PLC       |
|of existing shares to which voting rights are|                                |
|attached:                                    |                                |
+---------------------------------------------+--------------------------------+
|2 Reason for the notification (please tick the appropriate box or boxes):     |
+------------------------------------------------------------------+-----------+
|An acquisition or disposal of voting rights                       |     √     |
+------------------------------------------------------------------+-----------+
|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):                                           |           |
+--------------------------------------+---------------------------+-----------+
|3. Full name of person(s) subject to  |                                       |
|the                                   |         CITY EQUITIES LIMITED         |
|notification obligation:              |                                       |
+--------------------------------------+---------------------------------------+
|4. Full name of shareholder(s)        |                                       |
|(if different from 3.):               |                                       |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on|  24 MAY 2010 PLACING PARTICIPATION,   |
|which the threshold is crossed or     |     27 MAY 2010 ADMISSION TO AIM      |
|reached:                              |                                       |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified:     |              28 MAY 2010              |
+--------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or|            6% TO BELOW 3%             |
|reached:                              |                                       |
+--------------------------------------+---------------------------------------+

+--------------------------------------------------------------------------------+
|8. Notified details:                                                            |
+--------------------------------------------------------------------------------+
|A: Voting rights attached to shares                                             |
+------------+----------------------+--------------------------------------------+
|Class/type  |Situation previous    |Resulting situation after the triggering    |
|of          |to the triggering     |transaction                                 |
|shares      |transaction           |                                            |
|            +----------+-----------+---------+------------------+---------------+
|if possible |Number    |Number     |Number   |Number of voting  |% of  voting   |
|using       |of        |of         |of shares|rights            |rights         |
|the ISIN    |  ares    |V ting     +---------+---------+--------+------+--------+
|CODE        |          |Rights     |Direct   |Direct   |Indirect|Direct|Indirect|
+------------+----------+-----------+---------+---------+--------+------+--------+
|            |          |           |         |         |        |      |        |
|Ord. 0.1p   |          |           |         |         |        |      |        |
|Shares      |          |           |         |         |        |      |        |
|            |17,500,000|17,500,000 |1,670,000|1,670,000|nil     |0.58% |nil     |
|GB00B15XDH89|          |           |         |         |        |      |        |
|            |          |           |         |         |        |      |        |
|            |          |           |         |         |        |      |        |
+------------+----------+-----------+---------+---------+--------+------+--------+

+--------------------------------------------------------------------------------+
|B: Qualifying Financial Instruments                                             |
+--------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                            |
+--------------+----------+--------------------+-------------------+-------------+
|Type of       |Expiration|Exercise/           |Number of voting   |% of voting  |
|financial     |date      |Conversion Period   |rights that may be |rights       |
|instrument    |          |                    |acquired if the    |             |
|              |          |                    |instrument is      |             |
|              |          |                    |exercised/         |             |
|              |          |                    |converted.         |             |
+--------------+----------+--------------------+-------------------+-------------+
|              |          |                    |                   |             |
+--------------+----------+--------------------+-------------------+-------------+

+--------------------------------------------------------------------------------+
|C: Financial Instruments with similar economic effect to Qualifying Financial   |
|Instruments                                                                     |
+--------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                            |
+-------------+---------+----------+----------+-------------------+--------------+
|Type of      |Exercise |Expiration|Exercise/ |Number of voting   |% of voting   |
|financial    |price    |date      |Conversion|rights instrument  |rights        |
|instrument   |         |          |period    |refers to          |              |
|             |         |          |          |                   |              |
+-------------+---------+----------+----------+-------------------+-------+------+
|             |         |          |          |                   |Nominal|Delta |
|             |         |          |          |                   +-------+------+
|             |         |          |          |                   |       |      |
+-------------+---------+----------+----------+-------------------+-------+------+

+--------------------------------------------------------------------------------+
|Total (A+B+C)                                                                   |
+------------------------------------+-------------------------------------------+
|Number of voting rights             |Percentage of voting rights                |
+------------------------------------+-------------------------------------------+
|1,670,000                           |0.58%                                      |
+------------------------------------+-------------------------------------------+

+------------------------------------------------------------------------------+
|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 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:  |City Equities Limited had a nil balance before  |
|                             |Placing participation. Shares acquired in the   |
|                             |Placing have been sold to certain clients, with |
|                             |City Equities acting as Principal.              |
|                             |                                                |
+-----------------------------+------------------------------------------------+
|14. Contact name:            |Andrew Thacker                                  |
+-----------------------------+------------------------------------------------+
|15. Contact telephone number:|020 7489 5500                                   |
+-----------------------------+------------------------------------------------+



[HUG#1419905]