Substantial Shareholding

19 Apr 2006 11:15

Avocet Mining PLC19 April 2006 Avocet Mining PLC (the "Company") 19 April 2006 Notice of Substantial Shareholding The Company has been informed on 18 April 2006 pursuant to the provisions of theCompanies Act 1985 that AXA S.A. ("AXA") and its group companies holds aninterest in the Company of 9.97%, representing 10,595,696 ordinary shares out ofan issued ordinary share capital of 106,276,530 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 185,200 0.17%AXA France 225,000 0.21%AXA Rosenburg 4,202,722 3.95%Framlington HSBC 5,982,774 5.64% Total 10,595,696 9.97% The Company has also been informed on 18 April 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 of13.36%, representing 14,193,403 ordinary shares out of an issued ordinary sharecapital of 106,276,530 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 6,270,622 5.90%Artemis UK Growth 7,511,543 7.07%Artemis Institutional UK Growth 411,238 0.39% Total 14,193,403 13.36% Alan McFarlaneCompany SecretaryAvocet Mining PLC This information is provided by RNS The company news service from the London Stock Exchange