Holding(s) in Company

+--------------------------------------------+
| For filings with the FSA include the annex |
| For filings with issuer exclude the annex  |
+--------------------------------------------+

+--------------------------------------------------+
| TR-1: Notifications of Major Interests in Shares |
+--------------------------------------------------+

+----------------------------------------------+-------------------------------+
|                                              |                               |
|1. Identity of the issuer or the underlying   |African Consolidated Resources |
|issuer of existing shares to which voting     |plc                            |
|rights are attached:                          |                               |
|                                              |ISIN: GB00B142P698             |
+----------------------------------------------+-------------------------------+
|                                                                              |
|2. Reason for notification (yes/no)                                           |
+-------------------------------------------------------------------------+----+
|                                                                         |    |
|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 (please specify):______________                                    |    |
+----------------------------------+--------------------------------------+----+
|                                  |                                           |
|3. Full name of person(s) subject |Investec Asset Management PTY Ltd          |
|to notification obligation:       |                                           |
+----------------------------------+-------------------------------------------+
|                                  |                                           |
|4. Full name of shareholder(s) (if|                                           |
|different from 3):                |                                           |
+----------------------------------+-------------------------------------------+
|                                  |                                           |
|5. Date of transaction (and date  |22 June 2011                               |
|on which the threshold is crossed |                                           |
|or reached if different):         |                                           |
+----------------------------------+-------------------------------------------+
|                                  |                                           |
|6. Date on which issuer notified: |27 June 2011                               |
+----------------------------------+-------------------------------------------+
|                                  |                                           |
|7. Threshold(s) that is/are       |5%                                         |
|crossed or reached:               |                                           |
+----------------------------------+-------------------------------------------+



+------------------------------------------------------------------------------+
|8: Notified Details                                                           |
+------------------------------------------------------------------------------+
|A: Voting rights attached to shares                                           |
|                                                                              |
+-------------+-----------------------+----------------------------------------+
|Class/type of|Situation previous to  |Resulting situation after the triggering|
|shares       |the triggering         |transaction                             |
|If possible  |transaction            |                                        |
|use ISIN code+-----------+-----------+------+-----------------+---------------+
|             |Number of  |Number of  |Number|Number of voting |Percentage of  |
|             |shares     |voting     |of    |rights           |voting rights  |
|             |           |rights     |shares+------+----------+------+--------+
|             |           |           |      |      |          |      |        |
|             |           |           |      |Direct|Indirect  |Direct|Indirect|
+-------------+-----------+-----------+------+------+----------+------+--------+
|Common Stock |11,224,000 |11,224,000 |-     |-     |29,729,000|      |6.56%   |
|GBP 01       |           |           |      |      |          |      |        |
|             |           |           |      |      |          |      |        |
|GB00B142P698 |           |           |      |      |          |      |        |
|             |           |           |      |      |          |      |        |
+-------------+-----------+-----------+------+------+----------+------+--------+

+------------------------------------------------------------------------------+
|B: Financial Instruments                                                      |
|                                                                              |
+------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                          |
|                                                                              |
+-------------+-------------+--------------+----------------------+------------+
|Type of      |Expiration   |Exercise/     |No. of voting rights  |Percentage  |
|financial    |date         |conversion    |that may be acquired  |of voting   |
|instrument   |             |period/date   |(if the instrument    |rights      |
|             |             |              |exercised/converted)  |            |
+-------------+-------------+--------------+----------------------+------------+
|             |             |              |                      |            |
|             |             |              |                      |            |
+-------------+-------------+--------------+----------------------+------------+


+-------------------------------------------------------+
| Total (A+B)                                           |
|                                                       |
+-------------------------+-----------------------------+
| Number of voting rights | Percentage of voting rights |
+-------------------------+-----------------------------+
| 29,729,000              | 6.56%                       |
+-------------------------+-----------------------------+


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

+----------------------------------------------------------------------+
| Proxy Voting:                                                        |
|                                                                      |
+------------------------------------------------------------------+---+
| 10. Name of 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:            | Adam Fletcher     |
|                             |                   |
+-----------------------------+-------------------+
| 15. Contact telephone name: | 00 27 21 416 2000 |
|                             |                   |
+-----------------------------+-------------------+

For notes on how to complete form TR-1 please see the FSA website.































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Source: African Consolidated Resources Plc via Thomson Reuters ONE

[HUG#1529576]