Holding(s) in Company

+------------------------------------------------------------------------------+
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)                             |
+----------------------------------------------+-------------------------------+
                                               |
+----------------------------------------------+-------------------------------+
|1. Identity of the issuer or the underlying   |                               |
|issuer                                        |              Serabi Mining plc|
|of existing shares to which voting rights are |                               |
|attached:(ii)                                 |                               |
+----------------------------------------------+-------------------------------+
|2 Reason for the notification (please tick the appropriate box or boxes):     |
+--------------------------------------------------------------------+---------+
|An acquisition or disposal of voting rights                         |         |
+--------------------------------------------------------------------+---------+
|An acquisition or disposal of qualifying financial instruments which|         |
|may result in the acquisition of shares already issued to which     |         |
|voting rights are attached                                          |         |
+--------------------------------------------------------------------+---------+
|An acquisition or disposal of instruments with similar economic     |         |
|effect to qualifying financial instruments                          |         |
+--------------------------------------------------------------------+---------+
|An event changing the breakdown of voting rights                    |    X    |
+-----------------------+--------------------------------------------+---------+
|Other (please specify):|                                            |         |
+-----------------------+--------------+-----------------------------+---------+
|3. Full name of person(s) subject to  |                                       |
|the                                   |                   Christopher Kingsman|
|notification obligation:(iii)         |                                       |
+--------------------------------------+---------------------------------------+
|4. Full name of shareholder(s)        |              Greenwood Investments Ltd|
| (if different from 3.):(iv)          |                                       |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on|                                       |
|which the threshold is crossed or     |                            21 Sep 2011|
|reached:(v)                           |                                       |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified:     |                            26 Sep 2011|
+--------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or|                      previously 21.01%|
|reached:(vi, vii)                     |                                       |
+--------------------------------------+---------------------------------------+



+----------------------------------------------------------------------------------+
|8. Notified details:                                                              |
+----------------------------------------------------------------------------------+--------
|A: Voting rights attached to shares (viii, ix)                                    |
+------------+----------------------+----------------------------------------------+--------
|Class/type  |Situation previous    |Resulting situation after the triggering      |
|of          |to the triggering     |transaction                                   |
|shares      |transaction           |                                              |
|            +----------+-----------+------------+-----------------+---------------+--------
|if possible |Number    |Number     |Number      |Number of voting |% of  voting   |
|using       |of        |of         |of shares   |rights           |rights (x)     |
|the ISIN    |  ares    |V ting     +------------+------+----------+------+--------+--------
|CODE        |          |Rights     |Direct      |Direct|Indirect  |Direct|Indirect|
|            |          |           |            |(xi)  |(xii)     |      |        |
+------------+----------+-----------+------------+------+----------+------+--------+--------
|GB00B4T0YL77|          |           |            |      |          |      |        |
+------------+11,565,000|11,565,000 |            |      |11,590,000|      |18.11%  +--------
|            |          |           |            |      |          |      |        |
+------------+----------+-----------+------------+------+----------+------+--------+--------
                                                                                   |
+----------------------------------------------------------------------------------+--------
|B: Qualifying Financial Instruments                                               |
+----------------------------------------------------------------------------------+--------
|Resulting situation after the triggering transaction                              |
+--------------+----------+-----------------------+------------------+-------------+--------
|Type of       |Expiration|Exercise/              |Number of voting  |% of voting  |
|financial     |date(xiii)|Conversion Period(xiv) |rights that may be|rights       |
|instrument    |          |                       |acquired if the   |             |
|              |          |                       |instrument is     |             |
|              |          |                       |exercised/        |             |
|              |          |                       |converted.        |             |
+--------------+----------+-----------------------+------------------+-------------+--------
|Convertible   |31 Oct    |exercisable            |2,000,000         |             |
|loan note     |2014      |                       |                  |3.13%        |
+--------------+----------+-----------------------+------------------+-------------+--------
|Warrants      |2 Dec 2012|exercisable            |500,000           |             |
|(GB00B4KL4207)|          |                       |                  |0.78%        |
+--------------+----------+-----------------------+------------------+-------------+-+-+-+-+
                                                                                   | | | | |
+----------------------------------------------------------------------------------+-+-+-+-+
|C: Financial Instruments with similar economic effect to Qualifying Financial     |
|Instruments (xv, xvi)                                                             |
+----------------------------------------------------------------------------------+--------
|Resulting situation after the triggering transaction                              |
+-------------+---------+----------+-------------+------------------+--------------+--------
|Type of      |Exercise |Expiration|Exercise/    |Number of voting  |% of voting   |
|financial    |price    |date      |Conversion   |rights instrument |rights (xix,  |
|instrument   |         |(xvii)    |period(xviii)|refers to         |xx)           |
|             |         |          |             |                  |              |
+-------------+---------+----------+-------------+------------------+------+-------+--------
|             |         |          |             |                  |      |       |
|             |         |          |             |                  +------+-------+--------
|             |         |          |             |                  |      |       |
+-------------+---------+----------+-------------+------------------+------+-------+--------
                                                                                   |
+----------------------------------------------------------------------------------+--------
|Total (A+B+C)                                                                     |
+------------------------------------+---------------------------------------------+--------
|Number of voting rights             |Percentage of voting rights                  |
+------------------------------------+---------------------------------------------+--------
|14,090,000                          |22.02%                                       |
+------------------------------------+---------------------------------------------+



+----------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or  |
|the                                                                         |
|financial instruments are effectively held, if applicable:(xxi)             |
+----------------------------------------------------------------------------+
|                                                                            |
|Christopher Kingsman is the controlling shareholder of Greenwood Investments|
|                                                                         Ltd|
+----------------------------------------------------------------------------+

+----------------------------------------------------------------------------+
|Proxy Voting:                                                               |
+-------------------------------------------------+--------------------------+
|10. Name of the proxy holder:                    |                          |
+-------------------------------------------------+--------------------------+
|11. Number of voting rights proxy holder will    |                          |
|cease                                            |                          |
|to hold:                                         |                          |
+-------------------------------------------------+--------------------------+
|12. Date on which proxy holder will cease to hold|                          |
|voting rights:                                   |                          |
+-------------------------------------------------+--------------------------+

+-----------------------------+----------------------------------------------+
|                             |                                              |
|13. Additional information:  |                                              |
+-----------------------------+----------------------------------------------+
|14. Contact name:            |                          Christopher Kingsman|
+-----------------------------+----------------------------------------------+
|15. Contact telephone number:|                                 020 3287 2323|
+-----------------------------+----------------------------------------------+







This announcement is distributed by Thomson Reuters on behalf of 
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(i) the releases contained herein are protected by copyright and 
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(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Serabi Mining plc via Thomson Reuters ONE

[HUG#1549982]