Substantial Shareholding

24 Nov 2006 11:53

Avocet Mining PLC24 November 2006 Avocet Mining PLC (the "Company") Notice of Substantial Shareholding The Company has also been informed on 22 November 2006 pursuant to theprovisions of the Companies Act 1985 that Artemis Investment Management Limited("Artemis") and certain of its subsidiary companies holds an interest in theCompany of 14.01%, representing 17,029,816 ordinary shares out of an issuedordinary share capital of 121,576,530 ordinary shares. Furthermore Artemis hasinformed the Company that these shares are held by the following beneficialowners: Beneficial Owner Number of Shares Held % Interest Artemis UK Smaller Companies 6,649,036 5.47% Artemis UK Growth 8,009,956 6.59% Artemis Institutional UK Growth 1,465,126 1.21% BAE Systems 2000 260,716 0.21%Pension Plan Trustees Ltd. BAE Systems Pension Plan Funds CIFTrustees Ltd. 594,982 0.49% Absolute Return Hedge Fund 50,000 0.04% Total 16,954,690 14.01% Alan McFarlaneCompany SecretaryAvocet Mining PLC 24 November 2006 This information is provided by RNS The company news service from the London Stock Exchange