18 Dec 2009 11:19
| TR-1:NOTIFICATION OF MAJOR INTEREST IN SHARES | |||||
| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii | Cluff Gold Plc | ||||
| 2 Reason for the notification (please tick the appropriate box or boxes): | |||||
| An acquisition or disposal of voting rights | Yes | ||||
| An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | N/A | ||||
| An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | N/A | ||||
| An event changing the breakdown of voting rights | N/A | ||||
| Other (please specify): | N/A | ||||
| 3. Full name of person(s) subject to the notification obligation: iii | Equinox Partners L.P.; and Mason Hill Advisors LLC. | ||||
| 4. Full name of shareholder(s) (if different from 3.):iv | Equinox Partners L.P. | ||||
| 5. Date of the transaction and date on which the threshold is crossed or reached: v | 16 December 2009 | ||||
| 6. Date on which issuer notified: | 17 December 2009 | ||||
| 7. Threshold(s) that is/are crossed or reached: vi, vii | 4 per cent | ||||
| 8. Notified details: | ||||||||||||||||
| A: Voting rights attached to shares viii, ix | ||||||||||||||||
| Class/type of shares if possible using the ISIN CODE | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | ||||||||||||||
| Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights x | ||||||||||||
| Direct | Direct xi | Indirect xii | Direct | Indirect | ||||||||||||
| GB00B04M1L91 | 4,622,600 | 4,622,600 | 4,962,600 | 4,962,600 | N/A | 4.05 per cent | N/A | |||||||||
| B: Qualifying Financial Instruments | ||||||||||||||||
| Resulting situation after the triggering transaction | ||||||||||||||||
| Type of financial instrument | Expiration date xiii | Exercise/ Conversion Period xiv | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights | ||||||||||||
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||||||||||||
| Resulting situation after the triggering transaction | ||||||||||||||||
| Type of financial instrument | Exercise price | Expiration date xvii | Exercise/ Conversion period xviii | Number of voting rights instrument refers to | % of voting rights xix, xx | |||||||||||
| Nominal | Delta | |||||||||||||||
| Total (A+B+C) | ||||||||||||||||
| Number of voting rights | Percentage of voting rights | |||||||||||||||
| 4,962,600 | 4.05 per cent | |||||||||||||||
| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi | ||
| Mason Hill Advisors LLC, as investment manager, controls the voting rights attached to the shares of Cluff Gold Plc which are registered in the name of Equinox Partners L.P. as shareholder. | ||
| Proxy Voting: | ||
| 10. Name of the proxy holder: | N/A | |
| 11. Number of voting rights proxy holder will cease to hold: | N/A | |
| 12. Date on which proxy holder will cease to hold voting rights: | N/A | |
| 13. Additional information: |
| |
| 14. Contact name: | Brian Tsai | |
| 15. Contact telephone number: | 001 212 832 1290 | |