Notifications of Major Interests in Shares

+-------------------------------------------------------------------------------------+
| TR-1: Notifications of Major Interests in Shares        |                           |
|---------------------------------------------------------+---------------------------|
|                                                         |                           |
| 1. Identity of the issuer or the underlying issuer of   | Chaarat Gold Holdings Ltd |
| existing shares to which voting rights are attached:    |                           |
|-------------------------------------------------------------------------------------|
|                                                                                     |
| 2. Reason for notification (yes/no)                                                 |
|-------------------------------------------------------------------------------------|
|                                                                     |               |
| An acquisition or disposal of voting rights                         | Yes           |
|---------------------------------------------------------------------+---------------|
|                                                                     |               |
| An acquisition or disposal of financial instruments which may       |               |
| result in the acquisition of shares already issued to which voting  |               |
| rights are attached                                                 |               |
|---------------------------------------------------------------------+---------------|
|                                                                     |               |
| An event changing the breakdown of voting rights                    |               |
|---------------------------------------------------------------------+---------------|
|                                                                     |               |
| Other (please specify):                                             |               |
|-------------------------------------------------------------------------------------|
|                                                   |                                 |
| 3. Full name of person(s) subject to notification | Cape Lambert Iron Ore Limited   |
| obligation:                                       |                                 |
|---------------------------------------------------+---------------------------------|
|                                                   |                                 |
| 4. Full name of shareholder(s) (if different from |                                 |
| 3):                                               |                                 |
|---------------------------------------------------+---------------------------------|
|                                                   |                                 |
| 5. Date of transaction (and date on which the     | 29 June 2009                    |
| threshold is crossed or reached if different):    |                                 |
|---------------------------------------------------+---------------------------------|
|                                                   |                                 |
| 6. Date on which issuer notified:                 | 11 September 2009               |
|---------------------------------------------------+---------------------------------|
|                                                   |                                 |
| 7. Threshold(s) that is/are crossed or reached:   | 7.52%                           |
+-------------------------------------------------------------------------------------+



+-------------------------------------------------------------------------------------+
| 8: Notified Details                                                                 |
|                                                                                     |
|-------------------------------------------------------------------------------------|
| A: Voting rights attached to shares                                                 |
|                                                                                     |
|-------------------------------------------------------------------------------------|
| Class/type | Situation       | Resulting situation after the triggering transaction |
| of shares  | previous to the |                                                      |
| If         | triggering      |                                                      |
| possible   | transaction     |                                                      |
| use ISIN   |-----------------+------------------------------------------------------|
| code       | Number | Number | Number of | Number of voting     | Percentage of     |
|            | of     | of     | shares    | rights               | voting rights     |
|            | shares | voting |           |----------------------+-------------------|
|            |        | rights |           |           |          |        |          |
|            |        |        |           | Direct    | Indirect | Direct | Indirect |
|------------+--------+--------+-----------+-----------+----------+--------+----------|
| Sedol      |   0    |   0    | 6,801,300 | 6,801,300 |          | 7.52%  |          |
| (B24FXV6)  |        |        |           |           |          |        |          |
|-------------------------------------------------------------------------------------|
|                                                                                     |
|                                                                                     |
+-------------------------------------------------------------------------------------+




+-------------------------------------------------------------------------------------+
| B: Financial Instruments                                                            |
|                                                                                     |
|-------------------------------------------------------------------------------------|
| Resulting situation after the triggering transaction                                |
|                                                                                     |
|-------------------------------------------------------------------------------------|
| Type of    | Expiration | Exercise/   | No. of voting rights that may  | Percentage |
| financial  | date       | conversion  | be acquired (if the instrument | of voting  |
| instrument |            | period/date | exercised/converted)           | rights     |
|------------+------------+-------------+--------------------------------+------------|
| N/A        | N/A        | N/A         | N/A                            | N/A        |
+-------------------------------------------------------------------------------------+



+-------------------------------------------------------+
| Total (A+B)                                           |
|                                                       |
|-------------------------------------------------------|
| Number of voting rights | Percentage of voting rights |
|-------------------------+-----------------------------|
|                         |                             |
| 6,801,300               | 7.52%                       |
+-------------------------------------------------------+



+-------------------------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting rights and /or the     |
| financial instruments are effectively held, if applicable:                          |
|                                                                                     |
|-------------------------------------------------------------------------------------|
| On 29 June 2009 Cape Lambert Iron Ore Limited completed the acquisition of the      |
| former Mineral Securities Limited (Mineral Securities had previously been acquired  |
| by Scarborough Minerals Plc in a reverse merger transaction).                       |
+-------------------------------------------------------------------------------------+



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



+----------------------------------------------------+
| 13. Additional information: | N/A                  |
|                             |                      |
|-----------------------------+----------------------|
| 14 Contact name:            | Linda Naylor         |
|                             |                      |
|-----------------------------+----------------------|
| 15. Contact telephone name: | [phone] |
|                             |                      |
+----------------------------------------------------+

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This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.