Holding(s) in Company

GCM Resources PLC
27 March 2008

Form TR-1 with annex. FSA Version 2.1 updated April 2007

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 issuer of existing         GCM RESOURCES PLC
shares to which voting rights are attached:

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights                                                YES

An acquisition or disposal of financial instruments which may result in the acquisition of
shares already issued to which voting rights are attached                                  NO

An event changing the breakdown of voting rights                                           NO

Other (please specify):______________                                                      NO
                                                       

3. Full name of person(s) subject to notification      POLO RESOURCES LIMITED
obligation:
                                                       
4. Full name of shareholder(s) (if different from 3):  CENKOS CHANNEL ISLANDS NOMINEE COMPANY LIMITED
                                                       
5. Date of transaction (and date on which the          5 MARCH 2008
threshold is crossed or reached if different):
                                                       
6. Date on which issuer notified:                      5 MARCH 2008
                                                     
                                                       
7. Threshold(s) that is/are crossed or reached:        8% AND EACH PERCENTAGE POINT THROUGH (AND
                                                       INCLUDING) 28%




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
                Number of     Number of     Number of     Number of voting rights   Percentage of voting
If possible use shares        voting rights shares                                  rights
ISIN code

                                                          Direct       Indirect     Direct       Indirect

ORDINARY         3,902,948    3,902,948     13,902,948    12,227,948   1,675,000    25.05%       3.43%


B: Financial Instruments

Resulting situation after the triggering transaction


Type of financial    Expiration date      Exercise/ conversion No. of voting rights  Percentage of voting
instrument                                period/date          that may be acquired  rights
                                                               (if the instrument
                                                               exercised/converted)







Total (A+B)


Number of voting rights                              Percentage of voting rights

13,902,948                                           28.49%



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

THE SHARES ARE HELD IN THE NAME OF CENKOS CHANNEL ISLANDS NOMINEE COMPANY LIMITED AS NOMINEE FOR POLO BANGLADESH
LIMITED, A WHOLLY OWNED SUBSIDIARY OF POLO RESOURCES LIMITED.


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:                                       NEIL HERBERT


15. Contact telephone name:                            NEIL HERBERT





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

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


Annex: Notification of major interests in shares




A: Identity of the persons or legal entity subject to the notification obligation
Full name

(including legal form of legal entities)


Contact address

(registered office for legal entities)


Phone number & email


Other useful information

(at least legal representative for legal persons)




B: Identity of the notifier, if applicable
Full name


Contact address


Phone number & email


Other useful information



(e.g. functional relationship with the person or
legal entity subject to the notification obligation)


C: Additional information





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