+-------------------------------------------------------------------+
| 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 acquisition or |
| | disposal of voting |
| | rights |
|-------------------------------------------------------------------|
| |
|-------------------------------------------------------------------|
| 3. Full name of person(s) subject to the | Nautilus Trust Company |
| notification obligation: | Limited |
|-------------------------------------------------------------------|
| |
|-------------------------------------------------------------------|
| 4. Full name of shareholder(s) (if | Sapi River Investments |
| different from 3): | Limited |
|-------------------------------------------------------------------|
| |
|-------------------------------------------------------------------|
| 5. Date of the transaction (and date on | 30 April 2009 |
| which the threshold is crossed or | |
| reached if different): | |
|-------------------------------------------------------------------|
| |
|-------------------------------------------------------------------|
| 6. Date on which issuer notified: | 1 May 2009 |
|-------------------------------------------------------------------|
| |
|-------------------------------------------------------------------|
| 7. Threshold(s) that is/are crossed or | 3% |
| reached: | |
|-------------------------------------------------------------------|
| |
|-------------------------------------------------------------------|
| 8. Notified details: | |
+-------------------------------------------------------------------+
+----------------------------------------------------------------------------------------------+
|A: Voting rights attached to shares |
|----------------------------------------------------------------------------------------------|
|Class/type of |Situation previous to|Resulting situation after the triggering transaction|
|shares |the Triggering | |
| if possible using |transaction | |
|the ISIN CODE |---------------------+----------------------------------------------------|
| |Number of |Number of |Number of |Number of voting |% of voting rights |
| |Shares |Voting |shares |rights | |
| | |Rights |----------+--------------------+--------------------|
| | | |Direct |Direct |Indirect |Direct |Indirect |
|-------------------+----------+----------+----------+----------+---------+---------+----------|
|Ordinary 1p shares |3,000,000 |3,000,000 |8,454,545 |8,454,545 |None |3.1781% |None |
|GB00B142P698 | | | | | | | |
+----------------------------------------------------------------------------------------------+
+-------------------------------------------------------------------+
| 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. | |
|------------+------------+--------------+-----------------+--------|
| None | | | | |
+-------------------------------------------------------------------+
+----------------------------------------------+
| Total (A+B) |
|----------------------------------------------|
| Number of voting rights | % of voting rights |
|-------------------------+--------------------|
| 8,454,545 | 3.1781% |
+----------------------------------------------+
+-------------------------------------------------------------------+
| 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: | 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: | |
|-------------------------------------------------------------------|
| |
|-------------------------------------------------------------------|
| 14. Contact name: | |
|-------------------------------------------------------------------|
| |
|-------------------------------------------------------------------|
| 15. Contact telephone number: | |
+-------------------------------------------------------------------+
Annex Notification Of Major Interests In Shares
+-------------------------------------------------------------------+
| A: Identity of the person or legal entity subject to the |
| notification obligation |
|-------------------------------------------------------------------|
| Full name (including legal | Nautilus Trust Company Limited |
| form for legal entities) | |
|-----------------------------+-------------------------------------|
| Contact address (registered | Nautilus House, La Cour Des |
| office for legal entities) | Casernes, St. Helier, Jersey, |
| | Channel Islands, JE1 3NH |
|-----------------------------+-------------------------------------|
| Phone number | 01534 760000 |
| | mail@nautilustrust.com |
|-----------------------------+-------------------------------------|
| Other useful information | John Grimshaw |
| (at least legal | |
| representative for legal | |
| persons) | |
+-------------------------------------------------------------------+
+-------------------------------------------------------------------+
| B: Identity of the notifier, if applicable (AS ABOVE) |
|-------------------------------------------------------------------|
| Full name: | |
|------------------------------------------------------------+------|
| Contact address: | |
|------------------------------------------------------------+------|
| Phone number: | |
|------------------------------------------------------------+------|
| 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 | +44 7920 189010 |
| Roy Tucker | +44 1622 816918 / +44 7920 |
| | 189012 |
|------------------------------------+------------------------------|
| Ambrian Partners Limited | |
| Richard Brown | +44 20 7634 4700 |
| Richard Greenfield | |
| | |
| | |
+-------------------------------------------------------------------+
---END OF MESSAGE---
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
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