20 Sep 2010 07:00
20 September 2010
Polo Resources Limited
('Polo Resources' or 'the Company')
Holdings in Company
The Company (AIM and TSX: POL) was notified on 17 September 2010 by Weiss Asset Management LP that as of September 17, 2010 Brookdale Global Opportunity Fund and Brookdale International Partners, LP had 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 - Weiss Asset Management LP
Full name of shareholder if different - Brookdale International Partners LP,
Brookdale Global Opportunity Fund
Situation previous to the triggering transaction:
| Number of Shares: | 197,336,442 |
| Number of Voting Rights: | 197,336,442 |
Resulting situation after the triggering transaction:
| Number of Shares: | 188,142,442 |
| Number of Voting Rights (Direct): | 188,142,442 |
| Number of Voting Rights (Indirect): | n/a |
| Percentage of Voting Rights (Direct): | 7.74% |
| 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 |