Holding(s) in Company

19 Mar 2009 09:30



19 March 2009

Polo Resources Limited

('Polo Resources' or 'the Company')

TR1 Notification

The Company (AIM:PRL) was notified on 17 March 2009 by Southpoint Capital Advisors LP  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 - Southpoint Capital Advisors LP

Full name of shareholder if different  - Southpoint Master Fund LP

Date of Transaction:  17 March 2009

Threshold crossed or reached 3%

Situation previous to the triggering transaction:

Number of Shares:  58,180,000

Percentage of Voting Rights: 3.05%

Resulting situation of the triggering transaction:

Number of Shares: 53,180,000

Number of Voting Rights (Direct): N/A

Number of Voting Rights (Indirect): 53,180,000

Percentage of Voting Rights (Direct): 0%

Percentage of Voting Rights (Indirect):  2.79%

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