Holding(s) in Company

+--------------------------------------------------+
| TR-1: Notifications of Major Interests in Shares |
+--------------------------------------------------+



+-------------------------------------------------------------------+
|                                             |                     |
| 1. Identity of the issuer or the underlying | Greatland Gold plc  |
| issuer of existing shares to which voting   |                     |
| rights are attached:                        |                     |
|-------------------------------------------------------------------|
|                                                                   |
| 2. Reason for notification (yes/no)                               |
|-------------------------------------------------------------------|
|                                                      | Yes        |
| An acquisition or disposal of voting rights          |            |
|------------------------------------------------------+------------|
|                                                      | no         |
| An acquisition or disposal of financial instruments  |            |
| which may result in the acquisition of shares        |            |
| already issued to which voting rights are attached   |            |
|------------------------------------------------------+------------|
|                                                      | no         |
| An event changing the breakdown of voting rights     |            |
|------------------------------------------------------+------------|
|                                                      | no         |
| Other (please specify):______________                |            |
|-------------------------------------------------------------------|
|                                       |                           |
| 3. Full name of person(s) subject to  | City Equities Limited     |
| notification obligation:              |                           |
|---------------------------------------+---------------------------|
|                                       |                           |
| 4. Full name of shareholder(s) (if    |                           |
| different from 3):                    |                           |
|---------------------------------------+---------------------------|
|                                       | 29 May 2009 (Admission to |
| 5. Date of transaction (and date on   | Trading)                  |
| which the threshold is crossed or     |                           |
| reached if different):                |                           |
|---------------------------------------+---------------------------|
|                                       | 29 May 2009               |
| 6. Date on which issuer notified:     |                           |
|---------------------------------------+---------------------------|
|                                       |                           |
| 7. Threshold(s) that is/are crossed   | 16% to zero               |
| or reached:                           |                           |
+-------------------------------------------------------------------+



+-----------------------------------------------------------------------------------------+
|8: Notified Details                                                                      |
|-----------------------------------------------------------------------------------------|
|A: Voting rights attached to shares                                                      |
|                                                                                         |
|-----------------------------------------------------------------------------------------|
|Class/type of|Situation previous to the         |Resulting situation after the triggering|
|shares       |triggering transaction            |transaction                             |
|If possible  |----------------------------------+----------------------------------------|
|use ISIN code|Number of   |Number of voting     |Number |Number of voting|Percentage of  |
|             |shares      |rights               |of     |rights          |voting rights  |
|             |            |                     |shares |----------------+---------------|
|             |            |                     |       |       |        |      |        |
|             |            |                     |       |Direct |Indirect|Direct|Indirect|
|-------------+------------+---------------------+-------+----------------+------+--------|
|GB00B15XDH89 |40,000,000  |40,000,000           |  nil  | nil |nil       |nil   |nil     |
+-----------------------------------------------------------------------------------------+



+---------------------------------------------------------------------------+
|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    |
|----------+----------+-----------+------------------------------+----------|
|          |          |           |                              |          |
|          |          |           |                              |          |
+---------------------------------------------------------------------------+




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



+-------------------------------------------------------------------+
| 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:                                     |   |
|                                                               |   |
|---------------------------------------------------------------+---|
| 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        | Shares purchased through a Placing        |
| information:          | announced 22 May 2009. These have         |
|                       | subsequently been sold to certain of our  |
|                       | clients, with City Equities acting as     |
|                       | Principal.                                |
|-----------------------+-------------------------------------------|
| 14 Contact name:      | Andrew Thacker                            |
|                       |                                           |
|-----------------------+-------------------------------------------|
| 15. Contact telephone | 020 7489 5555                             |
| name:                 |                                           |
|                       |                                           |
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