Holding(s) in Company

Metals Exploration PLC
03 October 2006



Metals Exploration Plc ('the Company')



Notification of significant holding



3rd October 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        Registered Name             Date Company notified  Percentage of issued
  1pence each held                                                            share capital of the
                                                                              Company

  5,601,919       Allianz AG and its subsidiaries         2nd October 2006      10.05




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