AVM.L Regulatory News (AVM)

12 May 2006 12:23

Avocet Mining PLC12 May 2006 Avocet Mining PLC (the "Company") Notice of Substantial Shareholding The Company has been informed on 12 May 2006 pursuant to the provisions of theCompanies Act 1985 that Artemis Investment Management Limited ("Artemis") andcertain of its subsidiary companies holds an interest in the Company of 12.34%,representing 15,000,230 ordinary shares out of an issued ordinary share capitalof 121,526,530 ordinary shares. Furthermore Artemis has informed the Companythat these shares are held by the following beneficial owners: Beneficial Owner Number of Shares Held % Interest Artemis UK Smaller Companies 6,649,036 5.47% Artemis UK Growth 7,639,956 6.29% Artemis Institutional UK Growth 661,238 0.54% Absolute Return Hedge Fund 50,000 0.04% Total 15,000,230 12.34% Alan McFarlaneCompany SecretaryAvocet Mining PLC 12 May 2006 This information is provided by RNS The company news service from the London Stock Exchange