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:

Metals Exploration plc

2. Reason for the notification

Placing of new ordinary shares

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

Allianz SE

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

Allianz Insurance plc

5. Date of the transaction (and date on which the threshold is
crossed or reached if different):

12 May 2009

6. Date on which issuer notified:

02 June 2009

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

7%, 6%

8. Notified details:

A: Voting rights attached to shares


Class/type   Situation of previous Resulting Situation after the triggering
of shares if to the Triggering     transaction
possible     transaction
using ISIN   Number of  Number of  Number of  Number of voting  % of voting
code         shares     voting     shares     rights            rights
                        rights                Direct Indirect   Direct Indirect
GB00B0394F60 12,001,919 12,001,919 12,001,919        12,001,919         5.582


B: Financial Instruments


Resulting Situation after the triggering transaction
Type of    Expiration Exercise /   Number of Voting rights     % of
Financial  Date       Conversion   that may be acquired if the voting
Instrument            Period /Date instrument is exercised /   rights
                                   converted



Total (A + B)


Number of Voting Rights % of voting rights
      12,001,919              5.582


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

Allianz SE is the ultimate holding company of Allianz Europe Ltd,
which is the major holding company of Allianz (UK) Limited, which is
the holding company of Allianz Holdings Plc, which is the major
holding company of Allianz Insurance Plc.

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 will cease to hold voting rights:

N/A

13. Additional information:

N/A

14. Contact name:

Allianz SE Group Compliance

15. Contact telephone number:

+49 89 380017879



Metals Exploration plc        020 7539 7272
Jonathan Beardsworth

Hanson Westhouse Limited      0113 246 2610
Tim Feather / Matthew Johnson

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