GCM Resources Regulatory News (GCM)

Name of person dealing (Note 1)

Mars Asset Management Limited

Company dealt in

GCM Resources Plc

Class of relevant security to which the dealings being disclosed relate (Note 2)

Ordinary Shares of 10p each

Date of dealing

19th May 2008

(a)

Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)

Long

Short

Number

(%)

Number

(%)

(1) Relevant securities 

690,000

1.41%

-

(2) Derivatives (other than options)

-

-

(3) Options and agreements to purchase/sell

-

-

Total

690,000

1.41%

-

(b)

Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)

 Class of relevant security:

Long

Short

Number

(%)

Number

(%)

(1) Relevant securities 

-

-

(2) Derivatives (other than options)

-

-

(3) Options and agreements to purchase/sell

-

-

Total

-

-

Class of relevant security:

Details

None

-

Purchase/sale 

Number of securities

Price per unit (Note 5)

Purchase (19.05.08)

175,000

160.5714

Product name,

e.g. CFD

Long/short (Note 6)

Number of securities (Note 7)

Price per unit (Note 5)

None

n/a

n/a

n/a

Product

name,e.g.

call option 

Writing,

selling,

purchasing,

varying etc.

Number of

securities to

which the

option

relates

(Note 7)

Exercise

price 

Type, e.g.

American,

European

etc.

Expiry

date

Option

money

paid/received

per unit (Note

5) 

None

n/a

n/a

n/a

n/a

n/a

n/a

Product name, e.g. call option

Number of securities 

Exercise price per unit (Note 5)

None

n/a

n/a

Nature of transaction (Note 8) 

Details

Price per unit (if applicable) (Note 5)

None

n/a

n/a

Date of disclosure

20th May 2008

Contact name

Mr John Luetchford

Telephone number

020 7490 4355

If a connected EFM, name of offeree/offeror with which connected

Not applicable

If a connected EFM, state nature of connection (Note 10)

Not applicable