31 May 2011 13:00

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NOTIFICATION OF INTEREST IN TOTAL VOTINGÂ RIGHTS
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A form TR-1 containing the following information has been received by the Company.Â
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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
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1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: |
Avocet Mining PLC |
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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 voting rights are attached | ||
 An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | ||
 An event changing the breakdown of voting rights | ||
 Other (please specify): |
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3. Full name of person(s) subject to the notification obligation: Â | BlackRock Inc |
4. Full name of shareholder(s) (if different from 3.): Â | n/a |
5. Date of the transaction and date on which the threshold is crossed or reached: Â | 25th May 2011 |
6. Date on which issuer notified: Â | 27th May 2011 |
7. Threshold(s) that is/are crossed or reached: Â | Holding has gone above 10% |
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8. Notified details: | |||||||
A: Voting rights attached to shares  | |||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | |||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights | |||
Direct | Direct | Indirect | Direct | Indirect | |||
GB0000663038 | 14,624,816 | 14,624,816 | N/A | N/A | 14,765,540 | N/A | 7.40% |
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B: Qualifying Financial Instruments | ||||
Resulting situation after the triggering transaction  | ||||
Type of financialinstrument | Expirationdate | Exercise/ConversionPeriod | Number of votingrights that may beacquired if theinstrument isexercised/ converted. Â | % of votingrights |
N/A | N/A | N/A | N/A | N/A |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | ||||||
Resulting situation after the triggering transaction  | ||||||
Type of financialinstrument | Exerciseprice | Expirationdate | Exercise/Conversionperiod | Number of votingrights instrumentrefers to | % of voting rights  | |
CFD | 5,313,015 | Nominal | Delta  | |||
2.66% | 2.66% |
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Total (A+B+C) Â | |
Number of voting rights | Percentage of voting rights |
20,078,555 | 10.06% |
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9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: |
  BlackRock Investment Management (UK) Limited - 20,078,555 (10.06%) |
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Proxy Voting: Â | |
10. Name of the proxy holder: Â | n/a |
11. Number of voting rights proxy holder will cease to hold: Â | n/a |
12. Date on which proxy holder will cease to hold voting rights: Â | n/a |
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13. Additional information: Â | BlackRock International Threshold Reporting Team |
14. Contact name: Â | Andrew Manchester |
15. Contact telephone number: Â | +44 20 7743 5773 |
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