Holding(s) in Company

PRESS RELEASE - 25th September 2008 SERABI MINING plc ("Serabi" or "the Company") Announcement of Change in Shareholding Serabi Mining advises that it has been notified that following a disposal of shares, the BlackRock Global Metal Open Fund has reduced its holding in the issued share capital of the company and now has a notifiable interest of 3,444,146 ordinary shares in the capital of the Company, representing 2.45% of the ordinary shares in issue. Enquiries: Serabi Mining plc Graham Roberts Tel: 020 7246 6830 Chairman Mobile: 07768 902 475 Clive Line Tel: 020 7246 6830 Finance Director Mobile: 07710 151 692 Email: contact@serabimining.com Website: www.serabimining.com Numis Securities Limited John Harrison Tel: 020 7260 1000 Nominated Adviser James Black Tel: 020 7260 1000 Corporate Broker Farm Street Communications Simon Robinson Tel: 07593 340 107 Public and Media Relations ---END OF MESSAGE---