Change of interest

KEFI Minerals plc                               

                                (the "Company")                                

                              Change of interest                               

The Company today announces it has received notification that pursuant to the
placing of 6,000,000 new ordinary shares of 1p each in the Company ("Ordinary
Shares"), announced on 27 September 2007 (the "Placing"), City Equities Limited
had acquired 5,218,750 Ordinary Shares in the Company (being 4% of the total
number of Ordinary Shares in issue after completion of the Placing and 4% of
the total voting rights of the Company following the Placing).

At the same time, the Company received notification that City Equities Limited
had subsequently disposed of 5,218,750 Ordinary Shares to its private clients.

City Equities Limited no longer holds any Ordinary Shares in the Company.

For more information please contact:

David Youngman, WH Ireland Ltd. Tel: [phone]

Jeffrey Rayner, KEFI Minerals plc Tel: [phone]

Nick Rome, Bishopsgate Communications Tel: [phone]