Holding in Company

RJB Mining PLC
12 January 2001

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     RJB MINING PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     UBS ASSET MANAGEMENT LIMITED,
     PHILLIPS & DREW LIFE LIMITED AND
     UBS ASSET MANAGEMENT INTERNATIONAL LIMITED

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18



4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.



5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security



10)  Date of transaction



11)  Date company informed

     12.1.2001

12)  Total holding following this notification

     18,869,386                      
              
13)  Total percentage holding of issued class following this notification

     12.93%

14)  Any additional information



15)  Name of contact and telephone number for queries

     M. GARNESS: [phone]

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification: 12th January 2001