+------------------------------------------------------------------------------+
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) |
+----------------------------------------------+-------------------------------+
 |
+----------------------------------------------+-------------------------------+
|1. Identity of the issuer or the underlying | |
|issuer | Â |
|of existing shares to which voting rights are | |
|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 | Â |
|voting rights are attached | |
+---------------------------------------------------------------------+--------+
|An acquisition or disposal of instruments with similar economic | X |
|effect to qualifying financial instruments | |
+---------------------------------------------------------------------+--------+
|An event changing the breakdown of voting rights | Â |
+-----------------------+---------------------------------------------+--------+
|Other (please specify):|Â | Â |
+-----------------------+--------------+------------------------------+--------+
|3. Full name of person(s) subject to | |
|the | Richmond Capital LLP |
|notification obligation:(iii) | |
+--------------------------------------+---------------------------------------+
|4. Full name of shareholder(s) | Richmond Partners Master Limited |
|Â (if different from 3.):(iv) | |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on| |
|which the threshold is crossed or | March 3(rd) 2011 |
|reached:(v) | |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified: | March 3(rd) 2011 |
+--------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or| 4% |
|reached:(vi, vii) | |
+-----------------------+--------------+-------+----------------------+--------+
+-----------------------------------------------------------------------------------+
|8. Notified details: |
+-----------------------------------------------------------------------------------+
|A: Voting rights attached to shares (viii, ix) |
+------------+---------------------+------------------------------------------------+
|Class/type |Situation previous |Resulting situation after the triggering |
|of |to the triggering |transaction |
|shares |transaction | |
| +---------+-----------+------------+-------------------+---------------+
|if possible |Number |Number |Number |Number of voting |% of voting |
|using |of |of |of shares |rights |rights (x) |
|the ISIN | ares |Vo ing +------------+----------+--------+------+--------+
|CODE | |Rights |Direct |Direct |Indirect|Direct|Indirect|
| | | | |(xi) |(xii) | | |
+------------+---------+-----------+------------+----------+--------+------+--------+
|VGG203461055| | | | | | | |
+------------+4,196,300|4,196,300 |11,446,300 |11,446,300|Â |4.57% |Â |
|Â | | | | | | | |
+------------+---------+-----------+------------+----------+--------+------+--------+
+-----------------------------------------------------------------------------------+
|B: Qualifying Financial Instruments |
+-----------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction |
+--------------+----------+----------------------+--------------------+-------------+
|Type of |Expiration|Exercise/ |Number of voting |% of voting |
|financial |date(xiii)|Conversion Period(xiv)|rights that may be |rights |
|instrument | | |acquired if the | |
| | | |instrument is | |
| | | |exercised/ | |
| | | |converted. | |
+--------------+----------+----------------------+--------------------+-------------+
|Â | | | | |
|Â |Â |Â |Â |Â |
|Â | | | | |
+--------------+----------+----------------------+--------------------+-------------+
+-----------------------------------------------------------------------------------+
|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 |Conversion |rights instrument |rights (xix, |
|instrument | |(xvii) |period(xviii)|refers to |xx) |
| | | | |Â |Â |
+-------------+--------+----------+-------------+--------------------+-------+------+
| | | | |Â |Nominal|Delta |
|Â |Â |Â |Â |Â +-------+------+
| | | | | |Â |Â |
+-------------+--------+----------+-------------+--------------------+-------+------+
+-----------------------------------------------------------------------------------+
|Total (A+B+C) |
+-----------------------------------+-----------------------------------------------+
|Number of voting rights |Percentage of voting rights |
+-----------------------------------+-----------------------------------------------+
|11,446,300 |4.57% |
+------------+++-------+--+-------+++-----------++---------+--------+++----+-+------+
+--------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or|
|the |
|financial instruments are effectively held, if applicable:(xxi) |
+--------------------------------------------------------------------------+
|Â |
| Â |
+--------------------------------------------------------------------------+
+--------------------------------------------------------------------------+
|Proxy Voting: |
+-------------------------------------------------+------------------------+
|10. Name of the proxy holder: | Â |
+-------------------------------------------------+------------------------+
|11. Number of voting rights proxy holder will | |
|cease | Â |
|to hold: | |
+-------------------------------------------------+------------------------+
|12. Date on which proxy holder will cease to hold| Â |
|voting rights: | |
+-------------------------------------------------+------------------------+
+-----------------------------+--------------------------------------------+
| | |
|13. Additional information: | |
+-----------------------------+--------------------------------------------+
|14. Contact name: |Patricia Volcov |
+-----------------------------+--------------------------------------------+
|15. Contact telephone number:|+44 207 193 7881 |
+-----------------------------+-------------------+------------------------+
Further information about the Company:
Chaarat Gold Holdings Limited +44 (0) 20 7499 2612
c/o Central Asia Services Limited dekel@chaarat.com
linda.naylor@chaarat.com
Westhouse Securities Limited +44 (0) 20 7601 6100
Tim Feather tim.feather@westhousesecurities.com
Richard Baty richard.baty@westhousesecurities.com
Smith's Corporate Advisory +44 (0) 20 7321 2508
Dominic Palmer-Tomkinson tomkinson@smiths-ca.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Chaarat Gold Holdings Ltd via Thomson Reuters ONE
[HUG#1494412]