Holding(s) in Company

RNS Number : 7998A

Hochschild Mining PLC

14 October 2009

 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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

Hochschild Mining plc ("the Company")

2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights		Yes
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached		No
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments		No
An event changing the breakdown of voting rights		Yes (an issue of shares by the Company)
Other (please specify):		No

3. Full name of person(s) subject to the notification obligation:	Eduardo Hochschild
4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction and date on which the threshold is crossed or reached:	12 October 2009
6. Date on which issuer notified:	14 October 2009
7. Threshold(s) that is/are crossed or reached:	59% to 53.96%

8. Notified details:
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights	Number of shares	Number of voting rights		% of voting rights
				Direct	Indirect	Direct	Indirect
Ordinary Shares GB00B1FW5029	181,350,426	181,350,426	182,415,206		182,415,206		53.96%

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

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

Total (A+B+C)
Number of voting rights	Percentage of voting rights
182,415,206		53.96%

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

Pelham Investment Corporation ("Pelham") directly owns 182,415,206 Ordinary Shares of the Company.  Eduardo Hochschild controls the board of Pelham and indirectly beneficially owns 100% of the share capital of Pelham.

Proxy Voting:
10. Name of the 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:
14. Contact name:	Raj Bhasin, Company Secretary,  Hochschild Mining plc
15. Contact telephone number:	020 7907 2930

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