Holding(s) in Company

Metals Exploration PLC
09 November 2006



Metals Exploration Plc ('the Company')



Notification of significant holding



9th November 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
                                                                                 share capital of the
  1pence each held                                                                     Company

      7,741,919        Allianz SE and its subsidiaries       9th November 2006           10.18














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