Holding(s) in Company (4108U)

TIDMAVM TIDMBAC

RNS Number : 4108U

Avocet Mining PLC

21 December 2011

NOTIFICATION OF INTEREST IN TOTAL VOTING RIGHTS

A form TR-1 containing the following information has been received by the Company.

TR-1 notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Avocet Mining PLC

2. Reason for the notification

An acquisition or disposal of voting rights

3. Full name of person(s) subject to the notification obligation:

Bank of America Corporation

4. Full name of shareholder(s) (if different from 3):

Merrill Lynch International

5. Date of the transaction (and date on which the threshold

is crossed or reached if different):

16(th) December 2011

6. Date on which issuer notified:

20(th) December 2011

7. Threshold(s) that is/are crossed or reached:

8. Notified details:

A: Voting rights attached to shares

 
 Class/type      Situation previous        Resulting situation after the triggering 
  of shares       to the Triggering         transaction 
  if possible     transaction 
  using the 
  ISIN CODE 
--------------  ------------------------  ------------------------------------------------------- 
                 Number       Number       Number       Number of voting        % of voting 
                  of Shares    of Voting    of shares    rights                  rights 
                               Rights 
--------------  -----------  -----------  -----------  ----------------------  ------------------ 
                                           Direct       Direct       Indirect   Direct   Indirect 
--------------  -----------  -----------  -----------  -----------  ---------  -------  --------- 
 GB0000663038    10,079,321   10,079,321   12,136,614   12,136,614   0          6.102%   0 
--------------  -----------  -----------  -----------  -----------  ---------  -------  ---------

B: Financial Instruments

 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------- 
 Type of financial   Expiration   Exercise/ Conversion   Number of voting     % of voting 
  instrument          date         Period/ Date           rights that may      rights 
                                                          be acquired if 
                                                          the instrument 
                                                          is exercised/ 
                                                          converted. 
------------------  -----------  ---------------------  -------------------  ------------ 
        N/A             N/A               N/A                   N/A               N/A 
------------------  -----------  ---------------------  -------------------  ------------ 
 C:Financial Instruments with similar economic effect to Qualifying 
  Financial Instruments 
  Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------- 
 Type of financial   Expiration   Exercise/ Conversion   Number of voting     % of voting 
  instrument          date         Period/ Date           rights instrument    rights 
                                                          refers to: 
------------------  -----------  ---------------------  -------------------  ------------ 
        N/A             N/A               N/A                   N/A               N/A 
------------------  -----------  ---------------------  -------------------  ------------

Total (A+B+C)

 
 Number of voting rights   % of voting rights 
------------------------  ------------------- 
 12,136,614                6.102% 
------------------------  -------------------

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

n/a

Proxy Voting:

10. Name of the Proxy holder:

n/a

11. Number of voting rights proxy holder will cease to hold:

n/a

12. Date on which proxy holder cease to hold voting rights:

n/a

13. Additional information: