Holding(s) in Company

Metals Exploration PLC
22 August 2006

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1.      Name of company

        Metals Exploration Plc

2.      Name of shareholder having a major interest

        Man Financial Limited

3.      Please state whether notification indicates that it is in respect of 
        holding of the shareholder named in 2 above or in respect of a 
        non-beneficial interest or in the case of an individual holder if it is 
        a holding of that person's spouse or children under the age of 18.

        As in 2 above

4.      Name of the registered holder(s) and, if more than one holder, the 
        number of shares held by each of them

5.      Number of shares/amount of stock acquired

        2,102,400

6.      Percentage of issued class

        Not disclosed

7.      Number of shares/amount of stock disposed

        N/A

8.      Percentage of issued class

        N/A

9.      Class of security

        Ordinary shares

10.     Date of transaction

        Not disclosed

11.     Date company informed

        21st August 2006

12.     Total holding following this notification

        2,102,400

13.     Total percentage holding of issued class following this notification

        3.83%

14.     Any additional information

15.     Name of contact and telephone number for queries

        Steven Smith - Chairman  Tel: [phone]

16.     Name and signature of authorised company official responsible for making 
        this notification.

        Steven Smith - Chairman

Date of notification 22nd August 2006




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