Holding(s) in Company

Jubilee Platinum PLC
16 June 2004

Jubilee Platinum plc



For immediate release

16 June 2004


                              Jubilee Platinum plc

                             - Holding In Company -



The Board of Jubilee Platinum plc (the 'Company') received notification on 15
June 2004, in accordance with part IV of the Companies Act 1985, that there has
been a change in the division of share ownership between the Prudent Bear Fund
and the Prudent Global Gold Master Fund.  Prudent Bear owns 7,255,000 shares of
Jubilee Platinum plc and Prudent Global Gold Master Fund owns 500,000 shares of
Jubilee Platinum plc.  Consequently, the manager and advisor to those funds,
David W. Tice & Associates, LLC has control over a total of 7,755,000 shares of
Jubilee Platinum plc, representing 15.78% of the issued share capital of the
Company.



For further information, please contact:



Parkgreen Communications

Cathy Malins

Tel: [phone]


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