Holdings in Company

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| 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:        |                        |
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|                                                                   |
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| 2. Reason for the notification:          |   An acquisition or    |
|                                          |   disposal of voting   |
|                                          |         rights         |
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|                                                                   |
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| 3. Full name of person(s) subject to the | Nautilus Trust Company |
| notification obligation:                 |        Limited         |
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|                                                                   |
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| 4. Full name of shareholder(s) (if       | Sapi River Investments |
| different from 3):                       |        Limited         |
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|                                                                   |
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| 5. Date of the transaction (and date on  |     30 April 2009      |
| which the threshold is crossed or        |                        |
| reached if different):                   |                        |
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|                                                                   |
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| 6. Date on which issuer notified:        |       1 May 2009       |
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|                                                                   |
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| 7. Threshold(s) that is/are crossed or   |           3%           |
| reached:                                 |                        |
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|                                                                   |
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| 8. Notified details:                     |                        |
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+----------------------------------------------------------------------------------------------+
|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                                          |
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| 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:                                                       |
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|                                                                   |
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|                                                                   |
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| PROXY VOTING:                                                     |
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|                                                                   |
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| 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:                                      |             |
|-------------------------------------------------------------------|
|                                                                   |
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| 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                 |                              |
|                                    |                              |
|                                    |                              |
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This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.