Significant Shareholder

31 Aug 2006 15:00

Avocet Mining PLC31 August 2006 Avocet Mining PLC (the "Company") Notice of Significant Shareholding The Company has been informed on 31 August 2006 pursuant to the provisions ofthe Companies Act 1985 that AXA S.A. ("AXA") and its group companies holds aninterest in the Company of 9.99%, representing 12,145,032 ordinary shares out ofan issued ordinary share capital of 121,576,530 ordinary shares. Furthermore AXAhas informed the Company that these shares are held by the following companies/funds: Company/Fund Number of Shares Held % Interest Sun Life Pensions Management Limited 166,902 0.14%AXA France 225,000 0.19%AXA Rosenburg 4,186,187 3.44%Framlington 7,566,943 6.22% Total 12,145,032 9.99% Alan McFarlaneCompany SecretaryAvocet Mining PLC 31 August 2006 This information is provided by RNS The company news service from the London Stock Exchange