TR-1: Notification of Major Interest in Shares

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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESⁱ

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ⁱⁱ		Carclo plc
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 notification obligation: ⁱⁱⁱ	Ruffer LLP (for its discretionary clients)
4. Full name of shareholder(s) (if different from 3.):^iv
5. Date of the transaction and date on which the threshold is crossed or reached: ^v	17 August 2011
6. Date on which issuer notified:	17 August 2011
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	12% to 13%

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:		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:	Ruffer LLP now controls the voting rights over 8,251,496 (13% of the voting rights) of Carclo plc, which are held by Ruffer LLP's discretionary clients. This change from 12% to 13% is due to the purchase of 290,000 shares on 17 August 2011.
14. Contact name:	Louise Stanway
15. Contact telephone number:	020 7963 8146

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