Holdings in Company

+-------------------------------------------------------------------+
| TR-1:                    | NOTIFICATION OF MAJOR INTERESTS IN     |
|                          | SHARES                                 |
|                          |                                        |
|-------------------------------------------------------------------|
| 1. Identity of the issuer or the          | African Consolidated  |
| underlying issuer of existing shares to   |     Resources Plc     |
| which voting rights are attached:         |                       |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| 2. Reason for the notification:           | An event changing the |
|                                           |  breakdown of voting  |
|                                           |        rights         |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| 3. Full name of person(s) subject to the  |   Henderson Global    |
| notification obligation:                  |     Investors Ltd     |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| 4. Full name of shareholder(s) (if        |                       |
| different from 3):                        |                       |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| 5. Date of the transaction (and date on   |   30 September 2008   |
| which the threshold is crossed or reached |                       |
| if different):                            |                       |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| 6. Date on which issuer notified:         |    2 October 2008     |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| 7. Threshold(s) that is/are crossed or    |        7%, 6%         |
| reached:                                  |                       |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| 8. Notified details:                      |                       |
+-------------------------------------------------------------------+



+-----------------------------------------------------------------------------------------------+
|A: Voting rights attached to shares                                                            |
|-----------------------------------------------------------------------------------------------|
|Class/type of  |Situation previous to the|Resulting situation after the triggering transaction |
|shares         |Triggering transaction   |                                                     |
| if possible   |-------------------------+-----------------------------------------------------|
|using the ISIN |Number of   |Number of   |Number of |Number of voting rights|% of voting rights|
|CODE           |Shares      |Voting      |shares    |                       |                  |
|               |            |Rights      |----------+-----------------------+------------------|
|               |            |            |Direct    |Direct      |Indirect  |Direct  |Indirect |
|---------------+------------+------------+----------+------------+----------+--------+---------|
|ORD GBP 0.01   |15,603,448  |15,603,448  |15,603,448|15,603,448  |          |6.98    |6.98     |
+-----------------------------------------------------------------------------------------------+



+-------------------------------------------------------------------+
| B: Financial Instruments                                          |
|-------------------------------------------------------------------|
| Resulting situation after the triggering transaction              |
|-------------------------------------------------------------------|
| Type of    | Expiration | Exercise/    | Number of       | % of   |
| financial  | date       | Conversion   | voting rights   | voting |
| instrument |            | Period/ Date | that may be     | rights |
|            |            |              | acquired if the |        |
|            |            |              | instrument is   |        |
|            |            |              | exercised/      |        |
|            |            |              | converted.      |        |
|------------+------------+--------------+-----------------+--------|
| CFD        |            |              | 1,750,000       | 0.78   |
+-------------------------------------------------------------------+



+----------------------------------------------+
| Total (A+B)                                  |
|----------------------------------------------|
| Number of voting rights | % of voting rights |
|-------------------------+--------------------|
| 17,353,448              | 7.77               |
+----------------------------------------------+



+-------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting      |
| rights and/or the financial instruments are effectively held, if  |
| applicable:                                                       |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| 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:                              |    Vina Patel    |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| 15. Contact telephone number:                  |  020 7818 6439   |
+-------------------------------------------------------------------+


Annex Notification Of Major Interests In Shares

+-------------------------------------------------------------------+
| A: Identity of the person or legal entity subject to the          |
| notification obligation                                           |
|-------------------------------------------------------------------|
| Full name (including legal form for legal entities)           |   |
|---------------------------------------------------------------+---|
| Contact address (registered office for legal entities)        |   |
|---------------------------------------------------------------+---|
| Phone number                                                  |   |
|---------------------------------------------------------------+---|
| Other useful information (at least legal representative for   |   |
| legal persons)                                                |   |
+-------------------------------------------------------------------+



+-------------------------------------------------------------------+
| B:         Identity of the notifier, if applicable                |
|-------------------------------------------------------------------|
| Full name:                                                 | N/A  |
|------------------------------------------------------------+------|
| Contact address:                                           | N/A  |
|------------------------------------------------------------+------|
| Phone number:                                              | N/A  |
|------------------------------------------------------------+------|
| Other useful information (e.g. functional relationship     |      |
| with the person or legal entity subject to the             |      |
| notification obligation):                                  |      |
+-------------------------------------------------------------------+



+-----------------------------------+
| C:         Additional information |
|-----------------------------------|
|                                   |
+-----------------------------------+


Enquiries:


+-------------------------------------------------------------------+
| African Consolidated Resources plc |                              |
| Andrew Cranswick                   | [phone]              |
| Roy Tucker                         | [phone] / +44 7920   |
|                                    | 189012                       |
|------------------------------------+------------------------------|
| Ambrian Partners Limited           |                              |
| Richard Brown                      | [phone]             |
| Richard Greenfield                 |                              |
|                                    |                              |
|                                    |                              |
+-------------------------------------------------------------------+

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