6 Jul 2010 18:02
6 July 2010
Polo Resources Limited
('Polo Resources' or 'the Company')
TR1 Notification
The Company (AIM and TSX: POL) was notified on 6 July 2010 by Laxey Partners Ltd of the following interests in the ordinary share capital of Polo Resources (VGG6844A1075).
Reason for notification - An acquisition or disposal of voting rights
Full name of person(s) subject to the notification obligations - Laxey Partners Ltd
Full name of shareholder if different - Credit Suisse Client Nominees UK Ltd
Date of Transaction: 2 July 2010
Threshold crossed or reached 4%
Situation previous to the triggering transaction:
Number of Shares: N/A
Number of Voting Rights: N/A
Resulting situation after the triggering transaction:
Number of Shares: 94,750,000
Number of Voting Rights (Direct): 94,750,000
Number of Voting Rights (Indirect): N/A
Percentage of Voting Rights (Direct): 4.04%
Percentage of Voting Rights (Indirect): N/A
Contacts:
| Polo Resources Limited Neil Herbert, Executive Co-Chairman | Tel: +27 82 404 36 37 |
| Canaccord Genuity Limited Ryan Gaffney Bhavesh Patel | Tel: +44 (0) 207 050 6500 |
| Financial Dynamics Ben Brewerton Edward Westropp | Tel: +44 (0) 20 7831 3113 |