Beowulf Mining PLC Regulatory News (BEM)

2 Jun 2008 10:06

Form TR-1 with annex. FSA Version 2.1 updated April 2007

For filings with the FSA include the annex

For filings with issuer exclude the annex

TR-1: Notifications of Major Interests in Shares 1. Identity of the issuer or the underlying Beowulf Mining PLC issuer of existing shares to which voting

rights are attached:

2. Reason for notification (yes/no) An acquisition or disposal of voting rights Yes An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights

are attached

An event changing the breakdown of voting rights Other (please specify):______________ 3. Full name of person(s) subject to RAB CAPITAL PLC ACTING AS DISCRETIONARYnotification obligation: MANAGER OF RAB SPECIAL SITUATIONS (MASTER) FUND LIMITED

4. Full name of shareholder(s) (if CREDIT SUISSE CLIENT NOMINEES (UK)

different from 3): LIMITED

5. Date of transaction (and date on 28/05/08 which the threshold is crossed or

reached if different):

6. Date on which issuer notified: 30/05/08 7. Threshold(s) that is/are crossed or

reached: 8: Notified Details

A: Voting rights attached to shares

Class/type Situation Resulting situation after the triggering of shares previous to the transaction triggering If possible transaction use ISIN code Ordinary Shares GB0033163287 Number of Number Number Number of voting Percentage of shares of of rights voting rights voting shares rights Direct Direct Indirect Direct Indirect 8,750,000 10.82% n/a n/a 0 n/a 0% B: Financial Instruments Resulting situation after the triggering transaction

Type of Expiration Exercise/ No. of voting Percentage of financial date conversion rights that may be voting rights instrument period/date acquired (if the instrument exercised/ converted) n/a n/a n/a n/a n/a Total (A+B) Number of voting rights Percentage of voting rights See above 0%

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

Not Applicable Proxy Voting: 10. Name of proxy holder: n/a

11. Number of voting rights proxy n/a

holder will cease to hold:

12. Date on which proxy holder will n/a cease to hold voting rights: 13. Additional information: n/a

14 Contact name: LEGAL TEAM

15. Contact telephone name: 020 7389 7000

For notes on how to complete form TR-1 please see the FSA website.