AVM.L Regulatory News (AVM)

NOTIFICATION OF INTEREST IN TOTAL VOTING RIGHTS

A form TR-1 containing the following information has been received by the Company.

TR-1 notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Avocet Mining PLC

2. Reason for the notification

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

3. Full name of person(s) subject to the notification obligation:

Elliott International, L.P, Elliott Associates LP

Liverpool Limited Partnership

4. Full name of shareholder(s) (if different from 3):

n/a

5. Date of the transaction (and date on which the threshold

is crossed or reached if different):

21stMay 2012

6. Date on which issuer notified:

23rdMay 2012

7. Threshold(s) that is/are crossed or reached:

25%

8. Notified details:

A: Voting rights attached to shares

B: Financial Instruments

Total (A+B+C)

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

n/a

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 cease to hold voting rights:

n/a

13. Additional information:

Contact Name: Charles Eckley

Telephone Number: 0203 009 1135