Oriole Resources Regulatory News (ORR)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Stratex International plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

Richmond Capital LLP

4. Full name of shareholder(s)  (if different from 3.):iv

Richmond Partners Master Limited

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

26th October 2010

6. Date on which issuer notified:

28th October 2010

7. Threshold(s) that is/are crossed orreached: vi, vii

8%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B0T29327

23,620,000

23,620,000

22,820,000

22,820,000

7.95%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

Total (A+B)

Number of voting rights

Percentage of voting rights

22,820,000

7.95%

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

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

14. Contact name:

Patricia Volcov or Renata Machado

15. Contact telephone number:

+44 20 70680088

A: Identity of the persons or legal entity subject to the notification obligation

Full name

(including legal form of legal entities)

Contact address

(registered office for legal entities)

Phone number & email

Other useful information

(at least legal representative for legal persons)

B: Identity of the notifier, if applicable xvii

 Full name

Richmond Partners Master Limited

Contact address

RICHMOND CAPITAL LLP

The Printworks

4A Blake Mews, 1-17 Station Avenue

Kew Gardens, Richmond Upon Thames

Surrey

TW9 3GA

Phone number

+44 20 7068 0088

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

Investment Manager

C: Additional information