Holding(s) in Company

PRESS RELEASE - 22nd September 2008

SERABI MINING plc ("Serabi" or "the Company")

Announcement of Change in Shareholding

Serabi Mining  advises that  it has  been notified  that following  a
disposal of shares, Majedie Asset Management Limited has reduced  its
holding in the  issued share capital  of the company  and now has  an
interest of 1,433,133 ordinary shares in the capital of the  Company,
representing 1.02% of the ordinary shares in issue.


Enquiries:

Serabi Mining plc

Graham Roberts                  Tel: [phone]
Chairman                        Mobile: [phone]

Clive Line                      Tel: [phone]
Finance Director                Mobile: [phone]

Email: [e-mail]
Website:  www.serabimining.com

Numis Securities Limited
John Harrison                   Tel: [phone]
Nominated Adviser

James Black                     Tel: [phone]
Corporate Broker

Farm Street Communications
Simon Robinson                  Tel: [phone]
Public and Media Relations

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