Substantial Shareholding

9 Nov 2006 13:52

Avocet Mining PLC09 November 2006 Avocet Mining PLC (the "Company") Notice of Substantial Shareholding The Company has also been informed on 9 November 2006 pursuant to the provisionsof the Companies Act 1985 that Artemis Investment Management Limited ("Artemis")and certain of its subsidiary companies holds an interest in the Company of13.95%, representing 16,954,690 ordinary shares out of an issued ordinary sharecapital of 121,576,530 ordinary shares. Furthermore Artemis has informed theCompany that these shares are held by the following beneficial owners: 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 1,390,000 1.14% BAE Systems 2000 260,716 0.22%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 13.95% Alan McFarlaneCompany SecretaryAvocet Mining PLC 9 November 2006 This information is provided by RNS The company news service from the London Stock Exchange