Holding(s) in Company

Holding(s) in Company

Mercator Gold Plc

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):
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):			Restatement of current holding and CFDs
3. Full name of person(s) subject to the notification obligation: iii						SVM Asset Management Limited
4. Full name of shareholder(s) (if different from 3.):(if different from 3.):iv						Clients of SVM Asset Management Limited
5. Date of the transaction and date on which the threshold is crossed or reached: v						01/06/09
6. Date on which issuer notified:						02/06/09
7. Threshold(s) that is/are crossed or reached: vi, vii						7%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible usingif possible using the ISIN CODEthe ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

4900137

4900137

6.74

Ordinary shares

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

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

% of voting rights

CFD

250000

0.34

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

5150137

7.08

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Nortrust Nominees - 2220000 BNY OCS Nominees - 2680137 Apollo Nominees - 250000
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:
14. Contact name:
15. Contact telephone number:

Note: Annex should only be submitted to the FSA not the issuer
Annex: Notification of major interests in share
A: Identity of the persons or legal entity subject to the notification obligation
Full name (including legal form of legal entities)		SVM Asset Management Limited
Contact address (registered office for legal entities)		7 Castle Street Edinburgh
Phone number & email		0131 226 6699
Other useful information (at least legal representative for legal persons)		Carolina Viola
B: Identity of the notifier, if applicable
Full name
Contact address
Phone number & email
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)
C: Additional information
Based on issued share capital of 72,674,911