HGM.L Regulatory News (HGM)

21 Nov 2005 17:42

Highland Gold Mining Limited21 November 2005 DIRECTOR SHAREHOLDING Moscow, 21 November 2005 - Mr Ivan E. Koulakov, deputy chairman of Highland GoldMining Limited ("Highland Gold", or the "Company"), has informed the Companythat he has sold 2,000,000 Highland Gold ordinary shares at a price of 240 penceper share on 21 November 2005. This sale has been made for the purposes ofestate planning. Mr Koulakov's remaining holding in the Company is 19,372,500ordinary shares, or 12.19% of the issued share capital. Following thistransaction, Mr. Koulakov has no intention of selling additional shares in theCompany in the foreseeable future. About Highland Gold Highland Gold is a Russian focused, intermediate gold producer with twooperating mines and 3 advanced projects at the feasibility study stage. HighlandGold shares are quoted under the symbol "HGM" on the Alternative InvestmentMarket (AIM) of the London Stock Exchange. Barrick Gold is the Company's largestshareholder, holding a 20% equity stake. Enquiries: London: +44 (0) 207 851 6400Moscow: +7 (095) 777 5529E-mail: info@highlandgold.comDmitry Korobov, Managing DirectorDmitry Yakushkin, Director of CommunicationsGrant Sinitsin, Director of Investor Relations This information is provided by RNS The company news service from the London Stock Exchange