TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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

VATUKOULA GOLD MINES PLC

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

An acquisition or disposal of voting rights

NO

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

NO

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

NO

An event changing the breakdown of voting rights

YES

Other (please specify):

Increased share capital 

YES

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

VISO GERO GLOBAL INC.

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

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

SEPTEMBER 29, 2009

6. Date on which issuer notified:

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

Shareholding below  7%

8. Notified details:

A: Voting rights attached to shares

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

ORDINARY 

200,000,000

200,000,000

6.91%

SHARES

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date

Exercise/ 
Conversion Period

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date

Exercise/
Conversion period

Number of voting rights instrument refers to

% of voting rights

N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

200,000,000

6.91%

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 will cease to hold
voting rights:

N/A

13. Additional information:

14. Contact name:

Dalia Littlewood 

15. Contact telephone number:

+ 246 230 5105

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in share

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

Full name 

(including legal form of legal entities)

VISO GERO GLOBAL INC.

Contact address 

(registered office for legal entities)

C/O Maples Finance BVI Limited
PO Box 173
Kingston Chambers
Road Town, Tortola, British Virgin Islands

Phone number & email

+246 230 5105
dalia.littlewood@gmail.com

Other useful information 

(at least legal representative for legal persons)

Maples and Calder

B: Identity of the notifier, if applicable

Full name

Contact address

Phone number & email

Other useful information

(e.g. 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.