Holding(s) in Company

PRESS RELEASE - 22nd September 2008

SERABI MINING plc ("Serabi" or "the Company")

Announcement of Change in Shareholding

Serabi Mining  advises that  it has  been notified  that following  a
disposal of shares, the BlackRock Global Metal Open Fund has  reduced
its holding in the issued share capital of the company and now has  a
notifiable interest of  4,930,595 ordinary shares  in the capital  of
the Company, representing 3.52% of the ordinary shares in issue.

BlackRock Investment Management (UK) Limited manages a total  holding
of  10,780,333  ordinary  shares  in  the  capital  of  the  Company,
representing 7.69% of the ordinary shares in issue.

Enquiries:

Serabi Mining plc

Graham Roberts                  Tel: [phone]
Chairman                        Mobile: [phone]

Clive Line                      Tel: [phone]
Finance Director                Mobile: [phone]

Email: [e-mail]
Website:  www.serabimining.com

Numis Securities Limited
John Harrison                   Tel: [phone]
Nominated Adviser

James Black                     Tel: [phone]
Corporate Broker

Farm Street Communications
Simon Robinson                  Tel: [phone]
Public and Media Relations

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