Holding in Company

23 May 2006 09:42

Ariana Resources PLC23 May 2006 23 May 2006 AIM: AAU HOLDING IN COMPANY Ariana Resources plc ("Ariana" or "the Company"), the gold exploration companyfocused exclusively on Turkey, was notified on 19 May 2006 that City EquitiesLimited had purchased 3,600,770 ordinary shares in the Company's placingannounced on 11 May 2006, representing 7.69% of the enlarged issued sharecapital. Following the sale of all of these shares to certain of its private customers,acting as principal, City Equities Limited no longer has a notifiable interestin the issued share capital of the Company. Contacts: Ariana Resources plcSteven Poulton, Chief Executive Tel: 01235 511 767s.j.poulton@arianaresources.cominfo@arianaresources.com Mobile: 0797 408 6712 Bankside ConsultantsMichael Padley / Susan Scott Tel: 020 7367 8888 About Ariana Resources Ariana is a technology-driven exploration company focused on the discovery ofmulti-million ounce potential epithermal gold-silver and porphyry copper-golddeposits within the Tethyan metallogenic belt of Turkey. The Company has aportfolio of prospective licences covering approximately 1,000km2, selected onthe basis of its advanced in-house remote sensing database. Ariana's broker isAmbrian Partners Limited and Beaumont Cornish Limited is the Company's nominatedadviser. For further information on Ariana you are invited to visit theCompany's website at www.arianaresources.com. This information is provided by RNS The company news service from the London Stock Exchange