Metals Exploration Regulatory News (MTL)

1 May 2007 17:05

Metals Exploration PLC01 May 2007 TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to whichvoting rights are attached (ii): Metals Exploration Plc ................. 2. Reason for the notification (please place an X inside the appropriate bracket/s): An acquisition or disposal of voting rights: ( X ) An acquisition or disposal of financial instruments which may result in theacquisition 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 the notification obligation (iii): FMR Corp 4. Full name of shareholder(s) (if different from 3.) (iv): Mellon Bank NA ................. 5. Date of the transaction (and date on which the threshold is crossed orreached if different) (v): 23 March 2007 ................. 6. Date on which issuer notified: ................. 7. Threshold(s) that is/are crossed or reached: 5% ................. 8. Notified details: ................. A: Voting rights attached to shares Class/type of shares if possible Situation previous to the Triggering transaction (vi)using the ISIN CODE Number of shares Number of voting Rights (viii) ISIN GB00B0394F60 3945316 3945316 Resulting situation after the triggering transaction (vii) Class/type of shares if Number of shares Number of voting rights (ix) % of voting rightspossible using the ISIN CODE Direct Direct (x) Indirect (xi) Direct Indirect ISIN GB00B0394F60 3,513,916 4.58% B: Financial Instruments Resulting situation after the triggering transaction (xii) Type of Expiration Date Exercise/Conversion Number of voting rights % of voting rightsfinancial (xiii) Period/ Date (xiv) that may be acquired if theinstrument instrument is exercised/ converted. Total (A+B)Number of voting rights % of voting rights 3,513,916 4.58% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable (xv): Proxy Voting: FMR Corp, which is the parent holding company of Fidelity Management & researchcompany (FMRCO) and Fidelity management Trust Company (FMTC) 10. Name of the proxy holder: FMR Corp ................. 11. Number of voting rights proxy holder will cease to hold: 431,400 ................. 12. Date on which proxy holder will cease to hold voting rights: 23rd March 2007 ................. 13. Additional information: 14. Contact name: Steven Smith 15. Contact telephone number: 07797 721 858 This information is provided by RNS The company news service from the London Stock Exchange