Holding(s) in Company

+------------------------------------------------------------------------------+
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)                             |
+----------------------------------------------+-------------------------------+
                                               |
+----------------------------------------------+-------------------------------+
|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                          |   X    |
+---------------------------------------------------------------------+--------+
|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      |   X    |
|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                                   |         Richmond Capital LLP          |
|notification obligation:(iii)         |                                       |
+--------------------------------------+---------------------------------------+
|4. Full name of shareholder(s)        |   Richmond Partners Master Limited    |
| (if different from 3.):(iv)          |                                       |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on|                                       |
|which the threshold is crossed or     |           March 3(rd) 2011            |
|reached:(v)                           |                                       |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified:     |           March 3(rd) 2011            |
+--------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or|                  4%                   |
|reached:(vi, vii)                     |                                       |
+-----------------------+--------------+-------+----------------------+--------+




+-----------------------------------------------------------------------------------+
|8. Notified details:                                                               |
+-----------------------------------------------------------------------------------+
|A: Voting rights attached to shares (viii, ix)                                     |
+------------+---------------------+------------------------------------------------+
|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 (x)     |
|the ISIN    |  ares   |Vo ing     +------------+----------+--------+------+--------+
|CODE        |         |Rights     |Direct      |Direct    |Indirect|Direct|Indirect|
|            |         |           |            |(xi)      |(xii)   |      |        |
+------------+---------+-----------+------------+----------+--------+------+--------+
|VGG203461055|         |           |            |          |        |      |        |
+------------+4,196,300|4,196,300  |11,446,300  |11,446,300|        |4.57% |        |
|            |         |           |            |          |        |      |        |
+------------+---------+-----------+------------+----------+--------+------+--------+

+-----------------------------------------------------------------------------------+
|B: Qualifying Financial Instruments                                                |
+-----------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                               |
+--------------+----------+----------------------+--------------------+-------------+
|Type of       |Expiration|Exercise/             |Number of voting    |% of voting  |
|financial     |date(xiii)|Conversion Period(xiv)|rights that may be  |rights       |
|instrument    |          |                      |acquired if the     |             |
|              |          |                      |instrument is       |             |
|              |          |                      |exercised/          |             |
|              |          |                      |converted.          |             |
+--------------+----------+----------------------+--------------------+-------------+
|              |          |                      |                    |             |
|              |          |                      |                    |             |
|              |          |                      |                    |             |
+--------------+----------+----------------------+--------------------+-------------+

+-----------------------------------------------------------------------------------+
|C: Financial Instruments with similar economic effect to Qualifying Financial      |
|Instruments (xv, xvi)                                                              |
+-----------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                               |
+-------------+--------+----------+-------------+--------------------+--------------+
|Type of      |Exercise|Expiration|Exercise/    |Number of voting    |% of voting   |
|financial    |price   |date      |Conversion   |rights instrument   |rights (xix,  |
|instrument   |        |(xvii)    |period(xviii)|refers to           |xx)           |
|             |        |          |             |                    |              |
+-------------+--------+----------+-------------+--------------------+-------+------+
|             |        |          |             |                    |Nominal|Delta |
|             |        |          |             |                    +-------+------+
|             |        |          |             |                    |       |      |
+-------------+--------+----------+-------------+--------------------+-------+------+

+-----------------------------------------------------------------------------------+
|Total (A+B+C)                                                                      |
+-----------------------------------+-----------------------------------------------+
|Number of voting rights            |Percentage of voting rights                    |
+-----------------------------------+-----------------------------------------------+
|11,446,300                         |4.57%                                          |
+------------+++-------+--+-------+++-----------++---------+--------+++----+-+------+




+--------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or|
|the                                                                       |
|financial instruments are effectively held, if applicable:(xxi)           |
+--------------------------------------------------------------------------+
|                                                                          |
|                                                                          |
+--------------------------------------------------------------------------+

+--------------------------------------------------------------------------+
|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:            |Patricia Volcov                             |
+-----------------------------+--------------------------------------------+
|15. Contact telephone number:|[phone]                            |
+-----------------------------+-------------------+------------------------+


 Further information about the Company:

 Chaarat Gold Holdings Limited            [phone]
 c/o Central Asia Services Limited        [e-mail]
                                          [e-mail]

 Westhouse Securities Limited             [phone]

 Tim Feather                              [e-mail]
 Richard Baty                             [e-mail]

 Smith's Corporate Advisory               [phone]

 Dominic Palmer-Tomkinson                 [e-mail]















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Source: Chaarat Gold Holdings Ltd via Thomson Reuters ONE

[HUG#1494412]