Holding(s) in Company

26 Jun 2009 08:43



NOTIFICATION OF INTEREST IN TOTAL VOTING RIGHTS

A form TR-1 containing the following information has been received by the Company.

TR-1 notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Avocet Mining Plc

2. Reason for the notification

Acquisition or Disposal of Voting Rights

3. Full name of person(s) subject to the notification obligation:

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

Datum AS,  Wega Oil ASA,  Maximus AS

5. Date of the transaction (and date on which the threshold

is crossed or reached if different):

25 June 2009

6. Date on which issuer notified:

25 June 2009

7. Threshold(s) that is/are crossed or reached:

12 % upwards

8. Notified details:

A: Voting rights attached to shares

Class/type of shares   if possible using the ISIN CODE	Situation previous to the Triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights	Number of shares	Number of voting rights		% of voting rights
				Direct	Indirect	Direct	Indirect
GB0000663038	0	0	24,404,896	23,693,988	710,908	12.23%	0.37%

B: Financial Instruments

Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ Conversion Period/ Date	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights
NA	NA	NA	NA	NA

Resulting situation after the triggering transaction
Type of financial instrument	Exercise  date	Expiration Date/Exercise Conversion Period	Number of voting rights instrument refers to	% of voting rights
N/A	N/A	N/A	N/A

Total (A+B)

Number of voting rights	% of voting rights
24,404,896	12.59%

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

Datum ASA 23,693,988 (12.23)

Wega Oil ASA:  418,181 (0.22 %)

Maximus AS: 292,727 (0.15 %)

Wega Oil ASA is 51 % owned by Datum AS

Maximus AS is 50 % owned by Datum AS

Proxy Voting:

10. Name of the Proxy holder:

n/a

11. Number of voting rights proxy holder will cease to hold:

n/a

12. Date on which proxy holder cease to hold voting rights:

n/a

13. Additional information:

Contact Name:  Kyrre Høidalen

Contact Number: + 47 23 11 36 07

ENDHOLPUUPCQUPBUMQ