Asa Resources Regulatory News (ASA)

Mwana Africa PLC (the "Company")

Holdings in Company

London, 12 January 2012- The Company was notified by Libra Advisors LLC on 11 January 2012 that on 10 January 2012, Libra Fund II (Luxembourg) S.a.r.l. had holdings in the Company of 24,188,406 ordinary shares, representing 3.4 per cent of the total voting rights attached to the issued share capital of the Company, being 717,900,708 ordinary shares.

Enquiries:

Mwana Africa PLC

Donald McAlister, Finance Director Tel: +44 (0)20 7654 5580

Nominated Advier and Broker

Ambrian Partners Limited

Anthony Rowland / Jen Boorer Tel: +44 (0)20 7634 4700

Joint Broker

Xcap Securities plc

Jon Bellis / John Grant / Parimal Kumar Tel: +44 (0)20 7101 7070

Public Relations

Merlin

David Simonson / Anca Spiridon Tel: +44 (0)20 7726 8400