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Thursday 16 July, 2009

Meditor Cap Management Ltd

Holding(s) in Company


For filings with the FSA include the                                           
annex                                                                          
                                                                               
For filings with issuer exclude the                                            
annex                                                                          

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                

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

2 Reason for the notification (please tick the appropriate box or boxes):      

An acquisition or disposal of voting rights                               -    
                                                                               
An acquisition or disposal of qualifying financial instruments which      -    
may                                                                            
result in the acquisition of shares already issued to which voting             
rights                                                                         
are attached                                                                   
                                                                               
An acquisition or disposal of instruments with similar economic effect    -    
to                                                                             
qualifying financial instruments                                               
                                                                               
An event changing the breakdown of voting rights                         YES   
                                                                               
Other (please                                                             -    
specify):                                                                      

3. Full name of person(s) subject to     MEDITOR CAPITAL MANAGEMENT LIMITED    
the                                                                            
notification obligation: iii                                                   
                                                                               
4. Full name of shareholder(s)          MEDITOR EUROPEAN MASTER FUND LIMITED   
(if different from 3.):iv                                                      
                                                                               
5. Date of the transaction and date                  13/07/2009                
on                                                                             
which the threshold is crossed or                                              
reached: v                                                                     
                                                                               
6. Date on which issuer notified:                    15/07/2009                
                                                                               
7. Threshold(s) that is/are crossed                   BELOW 5%                 
or                                                                             
reached: vi, vii                                                               

8. Notified details:
A: Voting rights attached to shares viii, ix

--

Class/type of Situation previous            Resulting situation after          
shares         to the triggering                 the triggering                
                  transaction                      transaction                 
                                                                               
if possible    Number    Number    Number      Number of        % of voting    
using            of        of        of         voting            rights x     
the ISIN CODE  Shares    Voting    shares       rights                         
                         Rights                                                
                                   Direct   Direct  Indirect  Direct   Indirect
                                              xi      xii                      
                                                                               
-                                    -        -        -         -        -    
                                                                               
B: Qualifying Financial Instruments                                            
                                                                               
Resulting situation after the triggering transaction                           
                                                                               
Type of financial Expiration     Exercise/      Number of voting   % of voting 
   instrument     date xiii  Conversion Period rights that may be    rights    
                                    xiv         acquired if the                
                                                 instrument is                 
                                                   exercised/                  
                                                   converted.                  
                                                                               
    WARRANTS      01/06/2010 01/06/2009 - 01/       BELOW 5%        BELOW 5%   
                                  06/2010                                      

C: Financial Instruments with similar economic effect to Qualifying Financial   
Instruments xv, xvi                                                             
                                                                                
Resulting situation after the triggering transaction                            
                                                                                
   Type of     Exercise Expiration Exercise/  Number of voting    % of voting   
  financial     price   date xvii  Conversion rights instrument  rights xix, xx 
  instrument                         period       refers to                     
                                     xviii                                      
                                                                                
                                                                Nominal   Delta 
                                                                                
     CFD          -         -          -          BELOW 5%      BELOW 5%    -   

Total (A+B+C)                                                                  
                                                                               
        Number of voting rights               Percentage of voting rights      
                                                                               
               BELOW 5%                                BELOW 5%                

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

Proxy Voting:                                                                  
                                                                               
10. Name of the proxy holder:                              -                   
                                                                               
11. Number of voting rights proxy                          -                   
holder will cease                                                              
to hold:                                                                       
                                                                               
12. Date on which proxy holder will                        -                   
cease to hold                                                                  
voting rights:                                                                 

                                                           -                   
      13. Additional information:                                              
                                                                               
           14. Contact name:                        PETER GARTSIDE             
                                                                               
     15. Contact telephone number:                   020 7786 5115             

Note: Annex should only be submitted to the FSA not the issuer                 
                                                                               
Annex: Notification of major interests in sharesxxii                           

A: Identity of the persons or legal entity subject to the notification
obligation

Full name                                 MEDITOR CAPITAL MANAGEMENT LIMITED   
(including legal form of legal                                                 
entities)                                                                      
                                                                               
Contact address                                        TOWER 42                
(registered office for legal entities)                                         
                                                  25 OLD BROAD STREET          
                                                                               
                                                    LONDON EC2N 1HQ            
                                                                               
Phone number & email                                 020 7786 5115             
                                                                               
                                                 PETERG@MEDITOR.CO.UK          
                                                                               
Other useful information                                                       
(at least legal representative for                                             
legal persons)                                                                 

B: Identity of the notifier, if applicable

Full name                                           PETER GARTSIDE             
                                                                               
Contact address                                        TOWER 42                
                                                                               
                                                  25 OLD BROAD STREET          
                                                                               
                                                    LONDON EC2N 1HQ            
                                                                               
Phone number & email                                 020 7786 5115             
                                                                               
                                                 PETERG@MEDITOR.CO.UK          
                                                                               
Other useful information(e.g.                          DIRECTOR                
functional relationship                                                        
with the person or legal entity subject                                        
to the notification                                                            
obligation)                                                                    

C: Additional information                                                      
                                                                               

For notes on how to complete form TR-1 please see the FSA website.



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