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Metals Exploration PLC - MTL Released 13:00 21-Mar-2016

Holding(s) in Company

RNS Number : 7715S Metals Exploration PLC 21 March 2016

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

2 Reason for the notification (please tick the appropriate box or boxes):

Metals Exploration Plc

An acquisition or disposal of voting rights

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 Yes

Other (please specify):

1. Full name of person(s) subject to the notification obligation: iii

   
   

   Ruffer LLP (for its discretionary clients of the Ruffer Group)

   
   

   
   

2. Full name of shareholder(s)

   (if different from 3.):iv

   
   

3. Date of the transaction and date on which the threshold is crossed or reached: v

   
   

   17 March 2016

4. Date on which issuer notified: 21 March 2016

   
   

5. Threshold(s) that is/are crossed or

reached: vi, vii 12.70% to 11.59%

8. Notified details:

A: Voting rights attached to shares viii,ix

Resulting situation after the triggering transaction

Class/type of shares

Situation previous to the triggering transaction

if possible using the ISIN CODE

Number of Shares

Number of Voting

Number of shares

Number of voting rights

Indirect

% of voting rights x

Rights

Direct Directxi

xii Direct Indirect

GB00B0394F60 200,580,373 200,580,373 200,580,373 200,580,373 - 11.59% -

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration datexiii

Exercise/ Conversion Period

xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Total (A+B+C)

Exercise price

Expiration datexvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix,xx

Nominal Delta

Number of voting rights Percentage of voting rights

200,580,373 11.59%

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

   
   

   Proxy Voting:

2. Name of the proxy holder: N/A

   
   

3. Number of voting rights proxy holder will cease to hold:

   
   

4. Date on which proxy holder will cease to hold voting rights:

   
   

   
   

5. Additional information:

   Ruffer LLP controls the voting rights over 200,580,373 shares (now 11.59% of the voting rights) of Metals Exploration Plc, which are held by the discretionary clients of Ruffer LLP and its subsidiaries (the voting of which is all controlled by Ruffer LLP).

   This change from 12.70% to 11.59% is due to a recent Placing which resulted in the issue of 148,300,536 new Ordinary Shares. The new shares were admitted to the market on 17 March 2016. The total number of voting rights in Metals Exploration Plc is now 1,731,305,881.

   
   

6. Contact name: Louise Stanway

   
   

7. Contact telephone number: 020 7963 8146

This information is provided by RNS

The company news service from the London Stock Exchange

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