Holding(s) in Company

12 Nov 2008 11:44

12 November 2008

Polo Resources Limited

('Polo Resources' or 'the Company')

TR1 Notification

The Company (AIM:PRL) was notified on 12 November 2008 by FMR LLC  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 - FMR LLC 

Full name of shareholder if different 

Date of Transaction:  10 November 2008

Threshold crossed or reached 3%

Situation previous to the triggering transaction:

Number of Shares:  59,266,900

Number of Voting Rights: 59,266,900

Resulting situation of the triggering transaction:

Number of Shares: 51,892,900

Number of Voting Rights (Direct): 51,892,900

Number of Voting Rights (Indirect): N/A

Percentage of Voting Rights (Direct): 2.76%

Percentage of Voting Rights (Indirect):     N/A

Enquiries:

Polo Resources Limited Tel: +27 (0) 11 269 4906

Gary Good

Canaccord Adams Limited  Tel: +44 (0) 207 050 6500

Mike Jones

Ryan Gaffney