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Peter Hambro Mining (POG)

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Thursday 15 May, 2003

Peter Hambro Mining

Shareholder update

Peter Hambro Mining PLC
15 May 2003

For immediate release

15 May 2003

                            Peter Hambro Mining Plc

                                (the "Company")

                      Dealings by substantial shareholder

The Company was notified on 14 May 2003 by Landsdowne Partners Limited
Partnership that following the notification they hold 3,097,642 ordinary shares
which represents 5.34 per cent. of the total issued ordinary share capital of
the Company.

                                    - ENDS -


Alya Samokhvalova                     Peter Hambro Mining PLC
                                      +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
            The company news service from the London Stock Exchange