For filings with the FSA include the
annex
For filings with issuer exclude the
annex
+------------------------------------------------------------------------------+
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
+------------------------------------------------------------------------------+
+---------------------------------------------+--------------------------------+
|1. Identity of the issuer or the underlying | |
|issuer | GREATLAND GOLD PLC |
|of existing shares to which voting rights are| |
|attached: | |
+---------------------------------------------+--------------------------------+
|2 Reason for the notification (please tick the appropriate box or boxes): |
+------------------------------------------------------------------+-----------+
|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 | |
+------------------------------------------------------------------+-----------+
|Other (please specify): | |
+--------------------------------------+---------------------------+-----------+
|3. Full name of person(s) subject to | |
|the | CITY EQUITIES LIMITED |
|notification obligation: | |
+--------------------------------------+---------------------------------------+
|4. Full name of shareholder(s) | |
|(if different from 3.): | |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on| 24 MAY 2010 PLACING PARTICIPATION, |
|which the threshold is crossed or | 27 MAY 2010 ADMISSION TO AIM |
|reached: | |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified: | 28 MAY 2010 |
+--------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or| 6% TO BELOW 3% |
|reached: | |
+--------------------------------------+---------------------------------------+
+--------------------------------------------------------------------------------+
|8. Notified details: |
+--------------------------------------------------------------------------------+
|A: Voting rights attached to shares |
+------------+----------------------+--------------------------------------------+
|Class/type |Situation previous |Resulting situation after the triggering |
|of |to the triggering |transaction |
|shares |transaction | |
| +----------+-----------+---------+------------------+---------------+
|if possible |Number |Number |Number |Number of voting |% of voting |
|using |of |of |of shares|rights |rights |
|the ISIN | ares |V ting +---------+---------+--------+------+--------+
|CODE | |Rights |Direct |Direct |Indirect|Direct|Indirect|
+------------+----------+-----------+---------+---------+--------+------+--------+
| | | | | | | | |
|Ord. 0.1p | | | | | | | |
|Shares | | | | | | | |
| |17,500,000|17,500,000 |1,670,000|1,670,000|nil |0.58% |nil |
|GB00B15XDH89| | | | | | | |
| | | | | | | | |
| | | | | | | | |
+------------+----------+-----------+---------+---------+--------+------+--------+
+--------------------------------------------------------------------------------+
|B: Qualifying Financial Instruments |
+--------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction |
+--------------+----------+--------------------+-------------------+-------------+
|Type of |Expiration|Exercise/ |Number of voting |% of voting |
|financial |date |Conversion Period |rights that may be |rights |
|instrument | | |acquired if the | |
| | | |instrument is | |
| | | |exercised/ | |
| | | |converted. | |
+--------------+----------+--------------------+-------------------+-------------+
| | | | | |
+--------------+----------+--------------------+-------------------+-------------+
+--------------------------------------------------------------------------------+
|C: Financial Instruments with similar economic effect to Qualifying Financial |
|Instruments |
+--------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction |
+-------------+---------+----------+----------+-------------------+--------------+
|Type of |Exercise |Expiration|Exercise/ |Number of voting |% of voting |
|financial |price |date |Conversion|rights instrument |rights |
|instrument | | |period |refers to | |
| | | | | | |
+-------------+---------+----------+----------+-------------------+-------+------+
| | | | | |Nominal|Delta |
| | | | | +-------+------+
| | | | | | | |
+-------------+---------+----------+----------+-------------------+-------+------+
+--------------------------------------------------------------------------------+
|Total (A+B+C) |
+------------------------------------+-------------------------------------------+
|Number of voting rights |Percentage of voting rights |
+------------------------------------+-------------------------------------------+
|1,670,000 |0.58% |
+------------------------------------+-------------------------------------------+
+------------------------------------------------------------------------------+
|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: | |
+-----------------------------------------------+------------------------------+
|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: |City Equities Limited had a nil balance before |
| |Placing participation. Shares acquired in the |
| |Placing have been sold to certain clients, with |
| |City Equities acting as Principal. |
| | |
+-----------------------------+------------------------------------------------+
|14. Contact name: |Andrew Thacker |
+-----------------------------+------------------------------------------------+
|15. Contact telephone number:|020 7489 5500 |
+-----------------------------+------------------------------------------------+
[HUG#1419905]