Holding in Company

Metals Exploration PLC
30 May 2006

                     Metals Exploration Plc ('the Company')



                      Notification of significant holding



30 May 2006



Under sections 198 to 202 of the Companies Act 1985 and rule 17 of the AIM Rules
the following information falls to be disclosed.



The Company was notified of the following shareholdings:


  Ordinary Shares of 1           Registered Name         Date Company notified     Percentage of current
     pence each held                                                              issued share capital of
                                                                                        the Company
        2,614,900             Man Financial Limited           30 May 2006                  5.00




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