Holding(s) in Company

+------------------------------------------------------------------------------+
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)                             |
+----------------------------------------------+-------------------------------+
                                               |
+----------------------------------------------+-------------------------------+
|1. Identity of the issuer or the underlying   |                               |
|issuer                                        | Chaarat Gold Holdings Ltd Ord |
|of existing shares to which voting rights are |    USD0.01 (SEDOL B24FXV6)    |
|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):| Increase in the number of shares in issue    |   X   |
+-----------------------+--------------+-------------------------------+-------+
|3. Full name of person(s) subject to  |                                       |
|the                                   |  Cazenove Capital Management Limited  |
|notification obligation:(iii)         |                                       |
+--------------------------------------+---------------------------------------+
|4. Full name of shareholder(s)        |                  N/A                  |
| (if different from 3.):(iv)          |                                       |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on|                                       |
|which the threshold is crossed or     |               15/11/10                |
|reached:(v)                           |                                       |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified:     |               16/11/10                |
+--------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or|                  5%                   |
|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|         |           |            |      |         |      |        |
+------------+7,207,765|7,207,765  |7,207,765   |      |7,207,765|      |4.90%   |
|Ordinary    |         |           |            |      |         |      |        |
+------------+---------+-----------+------------+------+---------+------+--------+

+--------------------------------------------------------------------------------+
|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  |rights       |
|instrument    |          |                      |be               |             |
|              |          |                      |acquired if the  |             |
|              |          |                      |instrument is    |             |
|              |          |                      |exercised/       |             |
|              |          |                      |converted.       |             |
+--------------+----------+----------------------+-----------------+-------------+
|N/A           |N/A       |N/A                   |N/A              |N/A          |
+--------------+----------+----------------------+-----------------+-------------+

+--------------------------------------------------------------------------------+
|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)           |
|             |        |          |             |                 |              |
+-------------+--------+----------+-------------+-----------------+-------+------+
|             |        |          |             |N/A              |Nominal|Delta |
|N/A          |N/A     |N/A       |N/A          |                 +-------+------+
|             |        |          |             |                 |N/A    |N/A   |
+-------------+--------+----------+-------------+-----------------+-------+------+

+--------------------------------------------------------------------------------+
|Total (A+B+C)                                                                   |
+-----------------------------------+--------------------------------------------+
|Number of voting rights            |Percentage of voting rights                 |
+-----------------------------------+--------------------------------------------+
|7,207,765                          |4.90%                                       |
+------------+++-------+--+-------+++-----------++-----+---------+++----+-+------+




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

+--------------------------------------------------------------------------+
|Proxy Voting:                                                             |
+-------------------------------------------------+------------------------+
|10. Name of the proxy holder:                    |          N/A           |
+-------------------------------------------------+------------------------+
|11. Number of voting rights proxy holder will    |                        |
|cease                                            |          N/A           |
|to hold:                                         |                        |
+-------------------------------------------------+------------------------+
|12. Date on which proxy holder will cease to hold|          N/A           |
|voting rights:                                   |                        |
+-------------------------------------------------+------------------------+

+-----------------------------+--------------------------------------------+
|                             |                                            |
|13. Additional information:  |                    N/A                     |
+-----------------------------+--------------------------------------------+
|14. Contact name:            |                    N/A                     |
+-----------------------------+--------------------------------------------+
|15. Contact telephone number:|                    N/A                     |
+-----------------------------+-------------------+------------------------+




 Note: Annex should only be submitted to the FSA not the issuer
--------------------------------------------------------------------------------
 Annex: Notification of major interests in shares(xxii)
--------------------------------------------------------------------------------

+------------------------------------------------------------------------------+
|A: Identity of the persons or legal entity subject to the notification        |
|obligation                                                                    |
+------------------------------------------+-----------------------------------+
|Full name                                 |                                   |
|(including legal form of legal entities)  |Cazenove Capital Management Limited|
|                                          |                                   |
+------------------------------------------+-----------------------------------+
|Contact address                           |Cazenove Capital Management Limited|
|(registered office for legal entities)    |   12 Moorgate, London, EC2R 6DA   |
|                                          |                                   |
+------------------------------------------+-----------------------------------+
|Phone number & email                      |           0203 479 0462           |
|                                          |                                   |
+------------------------------------------+-----------------------------------+
|Other useful information                  |                                   |
|(at least legal representative for legal  |         Anthony O'Malley          |
|persons)                                  |                                   |
|                                          |                                   |
+------------------------------------------+-----------------------------------+
                                           |
+------------------------------------------+-----------------------------------+
|B: Identity of the notifier, if applicable                                    |
+------------------------------------------+-----------------------------------+
|Full name                                 |                N/A                |
|                                          |                                   |
+------------------------------------------+-----------------------------------+
|Contact address                           |                N/A                |
|                                          |                                   |
+------------------------------------------+-----------------------------------+
|Phone number & email                      |                N/A                |
|                                          |                                   |
+------------------------------------------+-----------------------------------+
|Other useful information                  |                                   |
|(e.g. functional relationship with the    |                N/A                |
|person or legal entity subject to the     |                                   |
|notification obligation)                  |                                   |
+------------------------------------------+-----------------------------------+

+------------------------------------------------------------------------------+
|C: Additional information                                                     |
+------------------------------------------------------------------------------+
|N/A                                                                           |
+------------------------------------------------------------------------------+



-------------------------------------------------------------------------------
 Further information about the Company:

 Chaarat Gold Holdings Ltd              [phone]
   c/o Central Asia Services Ltd        [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]

 Conduit PR                             [phone]

 Jos Simson                              [e-mail]
 Emily Fenton                            [e-mail]








[HUG#1463073]








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Source: Chaarat Gold Holdings Ltd via Thomson Reuters ONE