Holding(s) in Company

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

+----------------------------------------------+-------------------------------+
|1. Identity of the issuer or the underlying   |                               |
|issuer                                        |African Consolidated Resources |
|of existing shares to which voting rights are |              Plc              |
|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                  |           |
+------------------------------------------------------------------+-----------+
|Other (please specify): As a result of a Placing                  |     X     |
+--------------------------------------+---------------------------+-----------+
|3. Full name of person(s) subject to  |                                       |
|the                                   |      Henderson Global Investors       |
|notification obligation: iii          |                                       |
+--------------------------------------+---------------------------------------+
|4. Full name of shareholder(s)        |                                       |
|(if different from 3.):iv             |                                       |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on|                                       |
|which the threshold is crossed or     |             27 June 2011              |
|reached: v                            |                                       |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified:     |             28 June 2011              |
+--------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or|               Below 5%                |
|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      |% of  voting   |
|using      |of         |of          |of shares|voting         |rights x       |
|the ISIN   |Shares     |Voting      |         |rights         |               |
|CODE       |           |R ghts      +---------+------+--------+------+--------+
|           |           |            |Direct   |Direct|Indirect|Direct|Indirect|
|           |           |            |         |xi    |xii     |      |        |
+-----------+-----------+------------+---------+------+--------+------+--------+
|           |           |            |         |      |        |      |        |
|           |           |            |         |      |        |      |        |
| Ordinary  |19,624,835 |19,624,835  |         |      |Below 5%|      |Below 5%|
|           |           |            |         |      |        |      |        |
|           |           |            |         |      |        |      |        |
+-----------+-----------+------------+---------+------+--------+------+--------+

+------------------------------------------------------------------------------+
|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 |rights       |
|instrument   |           |                     |be              |             |
|             |           |                     |acquired if the |             |
|             |           |                     |instrument is   |             |
|             |           |                     |exercised/      |             |
|             |           |                     |converted.      |             |
+-------------+-----------+---------------------+----------------+-------------+
|             |           |                     |                |             |
|             |           |                     |                |             |
+-------------+-----------+---------------------+----------------+-------------+

+------------------------------------------------------------------------------+
|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 xvii  |Conversion|rights          |rights xix, xx|
|instrument  |          |           |period    |instrument      |              |
|            |          |           |xviii     |refers to       |              |
|            |          |           |          |                |              |
+------------+----------+-----------+----------+----------------+-------+------+
|            |          |           |          |                |Nominal|Delta |
|            |          |           |          |                +-------+------+
|            |          |           |          |                |       |      |
+------------+----------+-----------+----------+----------------+-------+------+

+------------------------------------------------------------------------------+
|Total (A+B+C)                                                                 |
+-------------------------------------+----------------------------------------+
|Number of voting rights              |Percentage of voting rights             |
+-------------------------------------+----------------------------------------+
|                                     |                                        |
|              Below 5%               |                Below 5%                |
|                                     |                                        |
+-------------------------------------+----------------------------------------+

+--------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or|
|the                                                                       |
|financial instruments are effectively held, if applicable: xxi            |
+--------------------------------------------------------------------------+
|                                                                          |
|                                                                          |
+--------------------------------------------------------------------------+

+--------------------------------------------------------------------------+
|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:            |                Wayne Powell                |
+-----------------------------+--------------------------------------------+
|15. Contact telephone number:|               020 7818 5611                |
+-----------------------------+--------------------------------------------+







This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: African Consolidated Resources Plc via Thomson Reuters ONE

[HUG#1526990]