Holding(s) in Company

For filings with the FSA include the
 annex

 For filings with issuer exclude the
 annex


+------------------------------------------------------------------------------+
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                               |
+------------------------------------------------------------------------------+

+---------------------------------------------+--------------------------------+
|1. Identity of the issuer or the underlying  |                                |
|issuer                                       | African Consolidated Resources |
|of existing shares to which voting rights are|              Plc               |
|attached: ii                                 |                                |
+---------------------------------------------+--------------------------------+
|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 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                  |           |
+------------------------------------------------------------------+-----------+
|Other (please specify):                                           |           |
+--------------------------------------+---------------------------+-----------+
|3. Full name of person(s) subject to  |                                       |
|the                                   |Blakeney LLP                           |
|notification obligation: iii          |                                       |
+--------------------------------------+---------------------------------------+
|4. Full name of shareholder(s)        |Blakeney   LLP  as  investment  advisor|
|(if different from 3.):iv             |manager                                |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on|                                       |
|which the threshold is crossed or     |22nd July 2011                         |
|reached: v                            |                                       |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified:     |25thJuly 2011                          |
+--------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or|Sold entire position                   |
|reached: vi, vii                      |                                       |
+--------------------------------------+---------------------------------------+

+------------------------------------------------------------------------------+
|8. Notified details:                                                          |
+------------------------------------------------------------------------------+
|A: Voting rights attached to shares viii, ix                                  |
+-------------+----------------------+-----------------------------------------+
|Class/type of|Situation previous    |Resulting situation after the triggering |
|shares       |to the triggering     |transaction                              |
|             |transaction           |                                         |
|if possible  +----------+-----------+---------+---------------+---------------+
|using        |Number    |Number     |Number   |Number of      |% of  voting   |
|the ISIN CODE|of        |of         |of shares|voting         |rights x       |
|             |Shares    |Voting     |         |rights         |               |
|             |          |R ghts     +---------+------+--------+------+--------+
|             |          |           |Direct   |Direct|Indirect|Direct|Indirect|
|             |          |           |         |xi    |xii     |      |        |
+-------------+----------+-----------+---------+------+--------+------+--------+
|GB00B142P698 |          |           |         |      |        |      |        |
|             |23,180,885|     0     |    0    |  0   |   0    |  0   |   0%   |
|             |          |           |         |      |        |      |        |
+-------------+----------+-----------+---------+------+--------+------+--------+

+------------------------------------------------------------------------------+
|B: Qualifying Financial Instruments                                           |
+------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                          |
+---------------+----------+--------------------+----------------+-------------+
|Type of        |Expiration|Exercise/           |Number of voting|% of voting  |
|financial      |date xiii |Conversion Period   |rights that may |rights       |
|instrument     |          |xiv                 |be              |             |
|               |          |                    |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 xvii |Conversion|rights          |rights xix, xx|
|instrument    |         |          |period    |instrument      |              |
|              |         |          |xviii     |refers to       |              |
|              |         |          |          |                |              |
+--------------+---------+----------+----------+----------------+-------+------+
|              |         |          |          |                |Nominal|Delta |
|              |         |          |          |                +-------+------+
|              |         |          |          |                |       |      |
+--------------+---------+----------+----------+----------------+-------+------+

+------------------------------------------------------------------------------+
|Total (A+B+C)                                                                 |
+-------------------------------------+----------------------------------------+
|Number of voting rights              |Percentage of voting rights             |
+-------------------------------------+----------------------------------------+
|0                                    |0%                                      |
+-------------------------------------+----------------------------------------+

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

+--------------------------------------------------------------------------+
|Proxy Voting:                                                             |
+-------------------------------------------------+------------------------+
|10. Name of the proxy holder:                    |Blakeney LLP            |
+-------------------------------------------------+------------------------+
|11. Number of voting rights proxy holder will    |                        |
|cease                                            |Not applicable          |
|to hold:                                         |                        |
+-------------------------------------------------+------------------------+
|12. Date on which proxy holder will cease to hold|Not applicable          |
|voting rights:                                   |                        |
+-------------------------------------------------+------------------------+

+-----------------------------+--------------------------------------------+
|                             |                                            |
|13. Additional information:  |                                            |
+-----------------------------+--------------------------------------------+
|14. Contact name:            |Michael Mumford                             |
+-----------------------------+--------------------------------------------+
|15. Contact telephone number:|020 7352 4117                               |
+-----------------------------+--------------------------------------------+

 Note: Annex should only be submitted to the FSA not the issuer

 Annex: Notification of major interests in sharesxxii


+------------------------------------------------------------------------------+
|A: Identity of the persons or legal entity subject to the notification        |
|obligation                                                                    |
+---------------------------------------+--------------------------------------+
|Full name                              |                                      |
|(including legal form of legal         |Blakeney LLP                          |
|entities)                              |                                      |
|                                       |                                      |
+---------------------------------------+--------------------------------------+
|Contact address                        |29 Chelsea Wharf, Lots Road, London   |
|(registered office for legal entities) |SW10 0QJ                              |
|                                       |                                      |
+---------------------------------------+--------------------------------------+
|Phone number & email                   |020 7352 4117                         |
|                                       |                                      |
+---------------------------------------+--------------------------------------+
|Other useful information               |                                      |
|(at least legal representative for     |Emma Ingram, Managing Member          |
|legal persons)                         |                                      |
|                                       |                                      |
+---------------------------------------+--------------------------------------+

+------------------------------------------------------------------------------+
|B: Identity of the notifier, if applicable                                    |
+---------------------------------------+--------------------------------------+
|Full name                              |Not applicable                        |
|                                       |                                      |
+---------------------------------------+--------------------------------------+
|Contact address                        |Not applicable                        |
|                                       |                                      |
+---------------------------------------+--------------------------------------+
|Phone number & email                   |Not applicable                        |
|                                       |                                      |
+---------------------------------------+--------------------------------------+
|Other useful information               |                                      |
|(e.g. functional relationship with the |Not applicable                        |
|person or legal entity subject to the  |                                      |
|notification obligation)               |                                      |
+---------------------------------------+--------------------------------------+

+------------------------------------------------------------------------------+
|C: Additional information                                                     |
+------------------------------------------------------------------------------+
|                                                                              |
+------------------------------------------------------------------------------+
 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

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