Holding(s) in Company

Aurum Mining PLC
10 December 2007

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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

    AURUM MINING PLC

2.  Reason for the notification (please tick the appropriate box or boxes)

    An acquisition or disposal of voting rights                         (X)

    An acquisition or disposal of financial instruments which may       ( )
    result in the acquisition of shares already issued to which voting
    rights are attached

    An event changing the breakdown of voting rights                    ( )

    Other (specify):                                                    ( )

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

    JSC Compass Asset Management ('JSC')
    (see note 13 for further information)

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

    MORSTAN NOMINEES LTD/STATE STRRET BANK & TRUST Co.
    +-----------------+-----------------+-----------------+-----------------+
    |Nominee          |Holder           |Shares Held      |Management       |
    |                 |                 |                 |Company*         |
    +-----------------+-----------------+-----------------+-----------------+
    |Morstan Nominees |Tau Capital plc  |5,164,430        |CAM              |
    |Limited          |                 |                 |                 |
    +-----------------+-----------------+-----------------+-----------------+
    |Morstan Nominees |Kazakh Compass   |1,694,370        |CAM              |
    |Limited          |Fund Ltd         |                 |                 |
    +-----------------+-----------------+-----------------+-----------------+
    |Morstan Nominees |Compass          |548,000          |CAM              |
    |Limited          |Kazakhstan Ltd   |                 |                 |
    +-----------------+-----------------+-----------------+-----------------+
    |State Street Bank|Compass Capital  |33,000           |JSC              |
    |& Trust Company  |                 |                 |                 |
    +-----------------+-----------------+-----------------+-----------------+

    * See note 13 for further information

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

    6 December 2007

6.  Date on which issuer notified:

    10 December 2007

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

    15%

8.  Notified details:

A. Voting rights attached to shares
Class/type of shares (if possible using the         GB00B00T3528 (Ordinary shs)
ISIN code)

Situation previous to  Resulting situation after the triggering transaction
the triggering
transaction
Number of  Number of  Number of   Number of voting     % of voting rights
Shares     Voting     shares      rights
           Rights
                                  Direct   Indirect    Direct    Indirect

7,164,800  7,164,800  5,164,430            5,164,430             10.76%
                      1,694,370            1,694,370              3.53%
                        548,000              548,000              1.14%
                         33,000               33,000              0.07%


B. Financial Instruments

Resulting situation after the triggering transaction
Type of       Expiration   Exercise/          Number of voting  % of voting
financial     date         Conversion Period/ rights that may   rights
instrument                 Date               be acquired if
                                              the instrument is
                                              exercised/
                                              converted

Total (A+B)
Number of voting rights              % of voting rights

7,439,800                            15.50%

9.  Chain of controlled undertakings through which the voting rights and/
    or the financial instruments are effectively held, if applicable:
    JSC is the parent undertaking of Compass Asset Management Ltd ('CAM').
    See note 13 for further details.
    +----------------------+----------------------+----------------------+
    |                      |Nominee               |Shares Held           |
    +----------------------+----------------------+----------------------+
    |JSC Compass Asset     |State Street Bank &   |33,000                |
    |Management            |Trust Company         |                      |
    +----------------------+----------------------+----------------------+
    |Compass Asset         |Morstan Nominees      |7,406,800             |
    |Management Ltd        |Limited               |                      |
    +----------------------+----------------------+----------------------+

Proxy Voting:

10.  Name of the proxy holder:     n/a

11.  Number of voting rights proxy n/a
     holder will cease to hold:

12.  Date on which proxy holder    n/a
     will cease to hold voting
     rights:

13.  Additional information:       Tau Capital plc, Kazakh Compass Fund
                                   Ltd, Compass Kazakhstan Ltd and Compass
                                   Capital hold the shares in respect of
                                   which this notification is given
                                   through the nominee companies named in
                                   paragraph 4 above.

                                   JSC Compass Asset Management ('JSC') is
                                   the parent undertaking of Compass Asset
                                   Management Ltd. ('CAM').

                                   CAM is the investment manager of Kazakh
                                   Compass Fund Ltd and Compass Kazakhstan
                                   Ltd. JSC is the investment manager of
                                   Compass Capital.

                                   Certain of the rights relating to the
                                   investment management of Tau Capital
                                   plc have been sub-delegated to CAM by
                                   Spencer House Compass Capital Limited
                                   (which is the investment manager of Tau
                                   Capital plc).

                                   Separate notifications under DTR 5.2.1
                                   have been made in respect of Tau
                                   Capital plc and Spencer House Compass
                                   Capital Limited

14:  Contact name:                 Dinara Alloyarova

15.  Contact telephone number:     [phone] ext 172




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