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GCM Resources PLC (GCM)

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Friday 15 February, 2008

GCM Resources PLC

Holding(s) in Company

GCM Resources PLC
15 February 2008

Form TR-1 with annex. FSA Version 2.1 updated April 2007

For filings with the FSA include the annex

For filings with issuer exclude the annex

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of         GCM RESOURCES PLC
existing shares to which voting rights are attached:

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights                                             Yes

An acquisition or disposal of financial instruments which may result in the acquisition No
of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights                                        No

Other (please specify):                                                                 No

3. Full name of person(s) subject to notification    Polo Resources Limited

4. Full name of shareholder(s) (if different from    Cenkos Channel Islands Nominee Company Limited,
3):                                                  Bank of New York Nominees Limited

5. Date of transaction (and date on which the        13 and 14 February 2008
threshold is crossed or reached if different):

6. Date on which issuer notified:                    15 February 2008

7. Threshold(s) that is/are crossed or reached:      3% and 4% direct, 6% and 7% including indirect

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
               Number of    Number of    Number of    Number of voting rights Percentage of voting
If possible    shares       voting       shares                               rights
use ISIN code               rights                    Direct      Indirect    Direct       Indirect

ORD.           Less than 3% Less than 3% 2,227,948     2,227,948  1,675,000   4.56%        3.43%
               direct       direct

B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial   Expiration date     Exercise/           No. of voting rights that Percentage of
instrument                              conversion period/  may be acquired (if the   voting rights
                                        date                instrument exercised/


Total (A+B)

Number of voting rights                              Percentage of voting rights

3,902,948                                            7.99%

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

Polo Resources Limited owns its interest through its wholly owned subsidiary, Polo Bangladesh Limited.

Proxy Voting:

10. Name of proxy holder:                            N/A

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:                          None

14 Contact name:                                     D. Smith

15. Contact telephone name:                          +44 (0)20 7917 8510

For notes on how to complete form TR-1 please see the FSA website.

                      This information is provided by RNS
            The company news service from the London Stock Exchange