Holding(s) in Company

RNS Number : 4463V

Metals Exploration PLC

28 May 2008

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Metals Exploration Plc

2. Reason for the notification

Change in issued share capital

3. Full name of person(s) subject to the notification obligation:

AXA S.A., 25 Avenue Matignon, 75008 Paris and its group of companies

4. Full name of shareholder(s) (if different from 3):

N/A

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

20 May 2008

6. Date on which issuer notified:

28 May 2008

7. Threshold(s) that is/are crossed or reached:

8. Notified details:

A: Voting rights attached to shares

Class/type of shares if possible using ISIN code	Situation of previous to the Triggering transaction		Resulting Situation after the triggering transaction
	Number of shares	Number of voting rights	Number of shares	Number of voting rights		% of voting rights
				Direct	Indirect	Direct	Indirect
GB00B0394F60	5,300,000	5,300,000	5,300,000	0	5,300,000		4.73%

B: Financial Instruments

Resulting Situation after the triggering transaction
Type of Financial Instrument	Expiration Date	Exercise / Conversion Period /Date	Number of Voting rights that may be acquired if the instrument is exercised / converted	% of voting rights

Total (A + B)

Number of Voting Rights	% of voting rights
5,300,000	4.73%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable

Name of Company/Fund	Number of Shares	% of issued share capital
AXA Framlington SEI UK Equity	740,000	0.66081
Indirect

AXA Framlington Throgmorton Trust	1,910,000	1.70560
Indirect

AXA Framlington Smaller Companies	2,650,000	2.36641
Indirect

Total Direct	0	0.00000
Total Indirect	5,300,000	4.73283