Holding(s) in Company

For filings with the FSA include the
 annex

 For filings with issuer exclude the
 annex


+------------------------------------------------------------------------------+
|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                       |     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                                   |                            Rex Harbour|
|notification obligation: iii          |                                       |
+--------------------------------------+---------------------------------------+
|                                      |                   City Securities Ltd.|
|                                      |                         Conlatuse Ltd.|
|4. Full name of shareholder(s)        |                                       |
|(if different from 3.):iv             |Both accounts are held with Williams de|
|                                      |  Broe. Stock is registered in the name|
|                                      |              of Pershing Nominees Ltd.|
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on|                                       |
|which the threshold is crossed or     |                         22nd July 2011|
|reached: v                            |                                       |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified:     |                         25th July 2011|
+--------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or|                                     9%|
|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 xi |Indirect|Direct|Indirect|
|            |          |           |          |          |xii     |      |        |
+------------+----------+-----------+----------+----------+--------+------+--------+
|GB00B142P698|          |           |          |          |        |      |        |
|            |24,832,982|24,832,982 |40,934,867|40,934,867|        |8.97% |        |
|            |          |           |          |          |        |      |        |
+------------+----------+-----------+----------+----------+--------+------+--------+

+----------------------------------------------------------------------------------+
|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.          |             |
+--------------+----------+---------------------+--------------------+-------------+
|              |          |                     |                    |             |
+--------------+----------+---------------------+--------------------+-------------+

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

+----------------------------------------------------------------------------------+
|Total (A+B+C)                                                                     |
+------------------------------------+---------------------------------------------+
|Number of voting rights             |Percentage of voting rights                  |
+------------------------------------+---------------------------------------------+
|40,934,867                          |8.97%                                        |
+------------------------------------+---------------------------------------------+

+--------------------------------------------------------------------------+
|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:            |                            Williams de Broe|
+-----------------------------+--------------------------------------------+
|15. Contact telephone number:|                               0207 072 7538|
+-----------------------------+--------------------------------------------+







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Source: African Consolidated Resources Plc via Thomson Reuters ONE

[HUG#1533624]