Holding(s) in Company

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| TR-1:                   | NOTIFICATION OF MAJOR INTERESTS IN      |
|                         | SHARES                                  |
|                         |                                         |
|-------------------------------------------------------------------|
| 1. Identity of the issuer or the         |  AFRICAN CONSOLIDATED  |
| underlying issuer of existing shares to  |       RESOURCES        |
| which voting rights are attached:        |                        |
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|                                                                   |
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| 2. Reason for the notification:          | An acquisition or      |
|                                          | disposal of voting     |
|                                          | rights                 |
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|                                                                   |
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| 3. Full name of person(s) subject to the | CREDIT SUISSE GROUP AG |
| notification obligation:                 |                        |
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|                                                                   |
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| 4. Full name of shareholder(s) (if       | CREDIT SUISSE          |
| different from 3):                       | SECURITIES (EUROPE)    |
|                                          | LTD.                   |
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|                                                                   |
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| 5. Date of the transaction (and date on  |        30.11.09        |
| which the threshold is crossed or        |                        |
| reached if different):                   |                        |
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|                                                                   |
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| 6. Date on which issuer notified:        |        01.12.09        |
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|                                                                   |
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| 7. Threshold(s) that is/are crossed or   |           5%           |
| reached:                                 |                        |
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|                                                                   |
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| 8. Notified details:                     |                        |
+-------------------------------------------------------------------+



+----------------------------------------------------------------------------------------------+
|A: Voting rights attached to shares                                                           |
|----------------------------------------------------------------------------------------------|
|Class/type of  |Situation previous to the|Resulting situation after the triggering transaction|
|shares         |Triggering transaction   |                                                    |
| if possible   |-------------------------+----------------------------------------------------|
|using the ISIN |Number of   |Number of   |Number  |Number of voting      |% of voting rights  |
|CODE           |Shares      |Voting      |of      |rights                |                    |
|               |            |Rights      |shares  |                      |                    |
|               |            |            |--------+----------------------+--------------------|
|               |            |            |        |Direct   |Indirect    |Direct  |Indirect   |
|---------------+------------+------------+--------+---------+------------+--------+-----------|
|GB00B142P698   |14,008,976  |14,008,976  |N/A     |N/A      |Not         |N/A     |Not        |
|               |            |            |        |         |Reportable  |        |Reportable |
+----------------------------------------------------------------------------------------------+



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



+---------------------------------------------------------------------------------+
|C: Financial Instruments with similar economic effect to Qualifying Financial    |
|Instruments                                                                      |
|---------------------------------------------------------------------------------|
|Resulting situation after the triggering transaction                             |
|---------------------------------------------------------------------------------|
|Type of     |Exercise  |Expiration  |Exercise/   |Number of      |% of voting    |
|financial   |price     |date        |Conversion  |voting rights  |rights         |
|instrument  |          |            |Period      |instrument     |               |
|            |          |            |            |refers to      |               |
|------------+----------+------------+------------+---------------+---------------|
|N/A         |          |            |            |               |Nominal |Delta |
|            |          |            |            |               |--------+------|
|            |          |            |            |               |        |      |
+---------------------------------------------------------------------------------+



+-------------------------------------------------------+
| Total (A+B+C)                                         |
|-------------------------------------------------------|
| Number of voting rights | Percentage of voting rights |
|-------------------------+-----------------------------|
| Not Reportable          | Not Reportable              |
+-------------------------------------------------------+



+-------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting      |
| rights and/or the financial instruments are effectively held, if  |
| applicable:                                                       |
|-------------------------------------------------------------------|
| 1.  Credit Suisse Group AG                                        |
| 2.  Credit Suisse AG                                              |
| 2.1 Credit Suisse Securities (Europe) Ltd.                        |
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|                                                                   |
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| PROXY VOTING:                                                     |
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|                                                                   |
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| 10. Name of the proxy holder:     |                               |
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|                                                                   |
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| 11. Number of voting rights proxy |                               |
| holder will cease to hold:        |                               |
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|                                                                   |
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| 12. Date on which proxy holder    |                               |
| will cease to hold voting rights: |                               |
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|                                                                   |
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| 13. Additional information:       |                               |
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|                                                                   |
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| 14. Contact name:                 | Simon Crawley/Carolyn Collins |
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|                                                                   |
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| 15. Contact telephone number:     | [phone]          |
+-------------------------------------------------------------------+


Enquiries:


+-------------------------------------------------------------------+
| African Consolidated Resources plc |                              |
| Andrew Cranswick                   | [phone]              |
| Roy Tucker                         | [phone] / +44 7920   |
|                                    | 189012                       |
|------------------------------------+------------------------------|
| Ambrian Partners Limited           |                              |
| Richard Greenfield                 | [phone]             |
|                                    |                              |
|                                    |                              |
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This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.