+--------------------------------------------+
| For filings with the FSA include the annex |
|--------------------------------------------|
| For filings with issuer exclude the annex |
+--------------------------------------------+
+-------------------------------------------------------------------+
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i |
|-------------------------------------------------------------------|
| | |
|------------------------------------------+------------------------|
| 1. Identity of the issuer or the | |
| underlying issuer | Chaarat Gold Holdings |
| of existing shares to which voting | Ltd Ord USD0.01 (SEDOL |
| rights are | B24FXV6) |
| 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 | X |
| voting rights | |
|-----------------------------------------+-------------------------|
| Other (please specify): | |
| | |
+-------------------------------------------------------------------+
+-------------------------------------------------------------------+
| 3. Full name of person(s) subject | Cazenove Capital Management |
| to the | Limited |
| notification obligation: iii | |
|-------------------------------------+-----------------------------|
| 4. Full name of shareholder(s) | N/A |
| (if different from 3.):iv | |
|-------------------------------------+-----------------------------|
| 5. Date of the transaction and date | |
| on | 15/09/09 |
| which the threshold is crossed or | |
| reached: v | |
|-------------------------------------+-----------------------------|
| 6. Date on which issuer notified: | 16/09/09 |
|-------------------------------------+-----------------------------|
| 7. Threshold(s) that is/are crossed | |
| or | 14% |
| reached: vi, vii | |
+-------------------------------------------------------------------+
+-------------------------------------------------------------------------------------------------+
|8. Notified details: |
|-------------------------------------------------------------------------------------------------|
|A: Voting rights attached to shares viii, ix |
|-------------------------------------------------------------------------------------------------|
|Class/type of |Situation previous |Resulting situation after the triggering transaction |
|shares |to the triggering | |
|if possible |transaction | |
|using |-------------------------+--------------------------------------------------------|
|the ISIN CODE |Number |Number |Number |Number of voting |% of voting |
| |of |of |of shares |rights |rights x |
| |Shares |Voting |------------+-----------------------+-------------------|
| | |Rights |Direct |Direct xi |Indirect |Direct |Indirect |
| | | | | |xii | | |
|--------------+------------+------------+------------+------------+----------+--------+----------|
|VGG203461055 | | | | | | | |
|--------------|15,698,750 |15,698,750 |15,698,750 |15,698,750 |0 |13.90% |0 |
|Ordinary | | | | | | | |
+-------------------------------------------------------------------------------------------------+
+-------------------------------------------------------------------+
| B: Qualifying Financial Instruments |
|-------------------------------------------------------------------|
| Resulting situation after the triggering transaction |
|-------------------------------------------------------------------|
| Type of | Expiration | Exercise/ | Number of | % of |
| financial | date xiii | Conversion | voting | voting |
| instrument | | Period xiv | rights that | rights |
| | | | may 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 xv, xvi |
|--------------------------------------------------------------------------------|
|Resulting situation after the triggering transaction |
|--------------------------------------------------------------------------------|
|Type of |Exercise |Expiration |Exercise/ |Number of |% of voting |
|financial |price |date xvii |Conversion |voting |rights xix, xx |
|instrument | | |period xviii |rights | |
| | | | |instrument | |
| | | | |refers to | |
| | | | | | |
|---------------+---------+-----------+-------------+-----------+----------------|
| | | | |N/A |Nominal |Delta |
|N/A |N/A |N/A |N/A | |---------+------|
| | | | | |N/A |N/A |
+--------------------------------------------------------------------------------+
+-------------------------------------------------------+
| Total (A+B+C) |
|-------------------------------------------------------|
| Number of voting rights | Percentage of voting rights |
|-------------------------+-----------------------------|
| 15,698,750 | 13.90% |
+-------------------------------------------------------+
+-------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting |
| rights and/or the |
| financial instruments are effectively held, if applicable: xxi |
|-------------------------------------------------------------------|
| |
| N/A |
+-------------------------------------------------------------------+
+-----------------------------------------------------------------+
| Proxy Voting: |
|-----------------------------------------------------------------|
| 10. Name of the proxy holder: | N/A |
|--------------------------------------------------------+--------|
| 11. Number of voting rights proxy holder will cease | N/A |
| to hold: | |
|--------------------------------------------------------+--------|
| 12. Date on which proxy holder will cease to hold | N/A |
| voting rights: | |
|-----------------------------------------------------------------|
| |
|-----------------------------------------------------------------|
| 13. Additional information: | N/A |
|------------------------------------------+----------------------|
| 14. Contact name: | Linda Naylor |
|------------------------------------------+----------------------|
| 15. Contact telephone number: | +44 (0) 207 499 2612 |
+-----------------------------------------------------------------+
---END OF MESSAGE---
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.