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Peter Hambro Mining (POG)

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Wednesday 23 April, 2003

Peter Hambro Mining

Holding(s) in Company

Peter Hambro Mining PLC
23 April 2003



                            Peter Hambro Mining Plc

                                (the "Company")



                               Exercise of Option

                            Change of Shareholdings



The Company announces that Canaccord Capital (Europe) Limited has exercised its
option to acquire 417,080 ordinary shares of 1p each in the share capital of the
Company (the "Option Shares"). The Option Shares were allotted and issued on 17
April 2003 and rank pari passu in all respects with the existing Ordinary
Shares. Application has been made for the admission of the Option Shares to
trading on AIM and dealings in the Option Shares are expected to commence on 24
April 2003.


Following the exercise of the option and allotment of the Option Shares, the
total issued share capital of the Company comprises 57,998,594 Ordinary Shares
and the percentage which Artemis Investment Management Limited's notified
shareholding in Peter Hambro Mining Plc represents of the issued share capital
has thereby been reduced to below 3.0 per cent.



                                - ENDS -


Enquiries:


Peter Hambro                                       Peter Hambro Mining
                                                    +44 20 7393 0102

David Simonson/Nicola Davidson                    Merlin Financial
                                                    +44 20 7606 1244

                                                    +44 7711 70 91 70




                      This information is provided by RNS
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