Holding(s) in Company

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 to issued share capital

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

Majedie Investments plc

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

ROY Nominees Ltd
(a/c designation: 564000)

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

14 January 2009

6. Date on which issuer notified:

15 January 2009

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

Below 4%

8. Notified details:

A: Voting rights attached to shares


Class/type   Situation of     Resulting Situation after the
of shares if previous to the  triggering transaction
possible     Triggering
using ISIN   transaction
code         Number Number of Number Number of voting % of voting
             of     voting    of     rights           rights
             shares rights    shares Direct Indirect  Direct Indirect
GB00B0394F60        5,150,000               5,150,000         3.119


B: Financial Instruments


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



Total (A + B)


Number of Voting Rights % of voting rights
       5,150,000              3.119


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

N/A





Proxy Voting:

10. Name of the 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:

-

15. Contact telephone number:

-



Metals Exploration plc        020 7927 6690
Jonathan Beardsworth

Hanson Westhouse Limited      0113 246 2610
Tim Feather / Matthew Johnson

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