Holding(s) in Company

+------------------------------------------------+
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
+------------------------------------------------+



+-------------------------------------------------------------------+
| 1. Identity of the issuer or the          |   Shanta Gold Limited |
| underlying issuer of existing shares to   |                       |
| which voting rights are attached:         |                       |
+-------------------------------------------------------------------+



+-------------------------------------------------------------------+
| 2 Reason for the notification (please tick the appropriate box or |
| boxes):                                                           |
|-------------------------------------------------------------------|
|                                                               |   |
| An acquisition or disposal of voting rights                   | X |
|---------------------------------------------------------------+---|
|                                                               |   |
| 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              |   |
|---------------------------------------------------------------+---|
|                                           |                   |   |
| Other (please specify):                   |                   |   |
+-------------------------------------------------------------------+



+-------------------------------------------------------------------+
| 3. Full name of person(s) subject to the  |  BlackRock, Inc.      |
| notification obligation:                  |                       |
|                                           |                       |
|-------------------------------------------+-----------------------|
| 4. Full name of shareholder(s) (if        |                       |
| different from 3.):                       |                       |
|                                           |                       |
|-------------------------------------------+-----------------------|
| 5. Date of the transaction and date on    |  24 July 2009         |
| which the threshold is crossed or         |                       |
| reached:                                  |                       |
|                                           |                       |
|-------------------------------------------+-----------------------|
| 6. Date on which issuer notified:         |  27 July 2009         |
|                                           |                       |
|-------------------------------------------+-----------------------|
| 7. Threshold(s) that is/are crossed or    |  Holding less than 5% |
| reached:                                  |                       |
|                                           |                       |
+-------------------------------------------------------------------+



+-----------------------------------------------------------------------------------------+
|8. Notified details:                                                                     |
|-----------------------------------------------------------------------------------------|
|A: Voting rights attached to shares                                                      |
|                                                                                         |
|-----------------------------------------------------------------------------------------|
|Class/type of  |Situation previous      |Resulting situation after the triggering        |
|shares         |to the triggering       |transaction                                     |
|if possible    |transaction             |                                                |
|using          |------------------------+------------------------------------------------|
|the ISIN CODE  |Number      |Number     |Number  |Number of voting   |% of  voting rights|
|               |of          |of         |of      |rights             |                   |
|               |Shares      |Voting     |shares  |                   |                   |
|               |            |Rights     |--------+-------------------+-------------------|
|               |            |           |Direct  |Direct  |Indirect  |Direct  |Indirect  |
|---------------+------------+-----------+--------+--------+----------+--------+----------|
| GB00B0CGR828  |            |           |        |        |          |        |          |
|---------------| 9,662,500  |9,662,500  |N/A     | N/A    | 0        |N/A     | 0.00%    |
|               |            |           |        |        |          |        |          |
+-----------------------------------------------------------------------------------------+



+-------------------------------------------------------------------+
| B: Qualifying Financial Instruments                               |
|-------------------------------------------------------------------|
| Resulting situation after the triggering transaction              |
|                                                                   |
|-------------------------------------------------------------------|
| Type of    | Expiration | Exercise/  | Number of voting  | % of   |
| financial  | date       | Conversion | rights that may   | voting |
| instrument |            | Period     | be                | rights |
|            |            |            | acquired if the   |        |
|            |            |            | instrument is     |        |
|            |            |            | exercised/        |        |
|            |            |            | converted.        |        |
|            |            |            |                   |        |
|------------+------------+------------+-------------------+--------|
|            |            |            |                   |        |
+-------------------------------------------------------------------+



+--------------------------------------------------------------------------------+
|C: Financial Instruments with similar economic effect to Qualifying Financial   |
|Instruments                                                                     |
|--------------------------------------------------------------------------------|
|Resulting situation after the triggering transaction                            |
|                                                                                |
|--------------------------------------------------------------------------------|
|Type of       |Exercise  |Expiration  |Exercise/   |Number of   |% of voting    |
|financial     |price     |date        |Conversion  |voting      |rights         |
|instrument    |          |            |period      |rights      |               |
|              |          |            |            |instrument  |               |
|              |          |            |            |refers to   |               |
|--------------+----------+------------+------------+------------+---------------|
|              |          |            |            |            |Nominal |Delta |
|              |          |            |            |            |        |      |
|              |          |            |            |            |--------+------|
|              |          |            |            |            |        |      |
+--------------------------------------------------------------------------------+



+-------------------------------------------------------+
| Total (A+B+C)                                         |
|                                                       |
|-------------------------------------------------------|
| Number of voting rights | Percentage of voting rights |
|-------------------------+-----------------------------|
|  0                      |  0.00%                      |
+-------------------------------------------------------+



+-------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting      |
| rights and/or the                                                 |
| financial instruments are effectively held, if applicable:        |
|-------------------------------------------------------------------|
| BlackRock Investment Management (UK) Limited - 0 (0.00%)          |
+-------------------------------------------------------------------+



+-------------------------------------------------------------------+
| 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:           |  BlackRock Compliance Disclosures   |
|                             | Team - Stuart Watchom               |
|                             |                                     |
|-----------------------------+-------------------------------------|
| 15. Contact telephone       |  020 7743 5741                      |
| number:                     |                                     |
|                             |                                     |
+-------------------------------------------------------------------+

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