Holding(s) in Company

Griffin Mining Ld
26 February 2004



                             GRIFFIN MINING LIMITED

                 MERRILL LYNCH BECOMES SUBSTANTIAL SHAREHOLDRER


26th FEBRUARY 2004


Griffin Mining Limited (the 'Company') was notified yesterday that Merrill Lynch
International Investment Fund's World Mining Fund has an aggregate interest in
6,487,805 ordinary shares in the Company representing 4.8% of the ordinary
shares in the Company.


Further information

Mladen Ninkov - Chairman          Telephone: [phone]
Roger Goodwin - Finance Director
Griffin Mining Limited


Philip Davies                     Telephone: [phone]
Charles Stanley & Company Limited



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