Holding(s) in Company

+------------------------------------------------------------------------------+
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)                             |
+----------------------------------------------+-------------------------------+
                                               |
+----------------------------------------------+-------------------------------+
|1. Identity of the issuer or the underlying   |                               |
|issuer                                        |              Serabi Mining plc|
|of existing shares to which voting rights are |                               |
|attached:(ii)                                 |                               |
+----------------------------------------------+-------------------------------+
|2 Reason for the notification (please tick the appropriate box or boxes):     |
+--------------------------------------------------------------------+---------+
|An acquisition or disposal of voting rights                         |         |
+--------------------------------------------------------------------+---------+
|An acquisition or disposal of qualifying financial instruments which|         |
|may result in the acquisition of shares already issued to which     |         |
|voting rights are attached                                          |         |
+--------------------------------------------------------------------+---------+
|An acquisition or disposal of instruments with similar economic     |         |
|effect to qualifying financial instruments                          |         |
+--------------------------------------------------------------------+---------+
|An event changing the breakdown of voting rights                    |    X    |
+-----------------------+--------------------------------------------+---------+
|Other (please specify):|                                            |         |
+-----------------------+--------------+-----------------------------+---------+
|3. Full name of person(s) subject to  |                                       |
|the                                   |                   Christopher Kingsman|
|notification obligation:(iii)         |                                       |
+--------------------------------------+---------------------------------------+
|4. Full name of shareholder(s)        |              Greenwood Investments Ltd|
| (if different from 3.):(iv)          |                                       |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on|                                       |
|which the threshold is crossed or     |                           1 April 2011|
|reached:(v)                           |                                       |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified:     |                           5 April 2011|
+--------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or|                      previously 20.10%|
|reached:(vi, vii)                     |                                       |
+--------------------------------------+---------------------------------------+



+----------------------------------------------------------------------------------+
|8. Notified details:                                                              |
+----------------------------------------------------------------------------------+
|A: Voting rights attached to shares (viii, ix)                                    |
+------------+----------------------+----------------------------------------------+
|Class/type  |Situation previous    |Resulting situation after the triggering      |
|of          |to the triggering     |transaction                                   |
|shares      |transaction           |                                              |
|            +----------+-----------+------------+-----------------+---------------+
|if possible |Number    |Number     |Number      |Number of voting |% of  voting   |
|using       |of        |of         |of shares   |rights           |rights (x)     |
|the ISIN    |S  res    |Vo ing     +------------+------+----------+------+--------+
|CODE        |          |Rights     |Direct      |Direct|Indirect  |Direct|Indirect|
|            |          |           |            |(xi)  |(xii)     |      |        |
+------------+----------+-----------+------------+------+----------+------+--------+
|GB00B4T0YL77|          |           |            |      |          |      |        |
+------------+10,000,000|10,000,000 |            |      |10,000,000|      |15.63%  |
|            |          |           |            |      |          |      |        |
+------------+----------+-----------+------------+------+----------+------+--------+

+----------------------------------------------------------------------------------+
|B: Qualifying Financial Instruments                                               |
+----------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                              |
+---------------+----------+----------------------+------------------+-------------+
|Type of        |Expiration|Exercise/             |Number of voting  |% of voting  |
|financial      |date(xiii)|Conversion Period(xiv)|rights that may be|rights       |
|instrument     |          |                      |acquired if the   |             |
|               |          |                      |instrument is     |             |
|               |          |                      |exercised/        |             |
|               |          |                      |converted.        |             |
+---------------+----------+----------------------+------------------+-------------+
|               |          |                      |                  |             |
+---------------+----------+----------------------+------------------+-------------+

+----------------------------------------------------------------------------------+
|C: Financial Instruments with similar economic effect to Qualifying Financial     |
|Instruments (xv, xvi)                                                             |
+----------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                              |
+--------------+--------+----------+-------------+------------------+--------------+
|Type of       |Exercise|Expiration|Exercise/    |Number of voting  |% of voting   |
|financial     |price   |date      |Conversion   |rights instrument |rights (xix,  |
|instrument    |        |(xvii)    |period(xviii)|refers to         |xx)           |
|              |        |          |             |                  |              |
+--------------+--------+----------+-------------+------------------+-------+------+
|Convertible   |        |31 Oct    |             |                  |Nominal|Delta |
|loan note     |15p     |2014      |immediate    |2,000,000         +-------+------+
|              |        |          |             |                  |3.13%  |90%   |
+--------------+--------+----------+-------------+------------------+-------+------+
|Warrants      |CAD 0.75|2 Dec 2012|immediate    |                  |Nominal|Delta |
|(GB00B4KL4207)|        |          |             |500,000           |0.78%  |30%   |
+--------------+--------+----------+-------------+------------------+-------+------+

+----------------------------------------------------------------------------------+
|Total (A+B+C)                                                                     |
+------------------------------------+---------------------------------------------+
|Number of voting rights             |Percentage of voting rights                  |
+------------------------------------+---------------------------------------------+
|12,500,000                          |19.26%                                       |
+------------------------------------+---------------------------------------------+



+----------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or  |
|the                                                                         |
|financial instruments are effectively held, if applicable:(xxi)             |
+----------------------------------------------------------------------------+
|                                                                            |
|Christopher Kingsman is the controlling shareholder of Greenwood Investments|
|                                                                         Ltd|
+----------------------------------------------------------------------------+

+----------------------------------------------------------------------------+
|Proxy Voting:                                                               |
+-------------------------------------------------+--------------------------+
|10. Name of the proxy holder:                    |                          |
+-------------------------------------------------+--------------------------+
|11. Number of voting rights proxy holder will    |                          |
|cease                                            |                          |
|to hold:                                         |                          |
+-------------------------------------------------+--------------------------+
|12. Date on which proxy holder will cease to hold|                          |
|voting rights:                                   |                          |
+-------------------------------------------------+--------------------------+

+-----------------------------+----------------------------------------------+
|                             |                                              |
|13. Additional information:  |                                              |
+-----------------------------+----------------------------------------------+
|14. Contact name:            |                          Christopher Kingsman|
+-----------------------------+----------------------------------------------+
|15. Contact telephone number:|                                 020 3287 2323|
+-----------------------------+----------------------------------------------+






This announcement is distributed by Thomson Reuters on behalf of 
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(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Serabi Mining plc via Thomson Reuters ONE

[HUG#1503807]