Holding(s) in Company

23 Mar 2006 10:21

Marakand Minerals Limited23 March 2006 Marakand Minerals Limited - Holding in Company Marakand Minerals Limited ("Marakand" or "the Company") received notification on21 March 2006 pursuant to the provisions of the Companies Act 1985 that OxusGold Plc and its direct and indirect subsidiaries, being non-beneficial holders,has increased its shareholding by a further 1,343,097 ordinary shares and nowholds 83,753,577 ordinary shares representing 82.91 per cent of the ordinaryissued share capital of the Company. Marakand wishes to further advise its shareholders that Richard Robinson,non-executive Director of Marakand has tendered his Marakand ordinary shares toOxus at a ratio of three Marakand shares to one Oxus share. Richard Robinson - 23,490 ordinary shares representing 0.02 per cent of shares. End: For further information please contact: Marakand Minerals LimitedAlasdair Stuart, CEO Tel: +44 77 3326 0174Joanna Solino, Investor Relations Officer Tel: +44 20 7907 2000 Buck-Bias LimitedAlex Buck / Nick Bias Tel: +44 79 3274 0452 This information is provided by RNS The company news service from the London Stock Exchange