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 issuer
of existing shares to which voting rights are
attached: ii

Petropavlovsk plc

Sedol 3154454

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

Other (please specify):

A change in the delta adjusted value of instruments with a similar economic effect to qualifying instruments

X

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

¹Lansdowne Partners Limited being the General Partner of Lansdowne Partners Limited Partnership

²Lansdowne Partners International Limited

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

 Morstan Nominees Ltd &

 HSBC Client Holdings UK Ltd

(Registered Shareholders)

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

30/12/09

6. Date on which issuer notified:

31/12/09

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

5%

8. Notified details:

A: Voting rights attached to shares viii, ix

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 x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary Shares

7,722,738

7,722,738

7,722,738

4.24%

GB0031544546

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date xiii

Exercise/ 
Conversion Period xiv

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

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

CFD

N/A

N/A

N/A

819,153

Nominal

Delta

0.45%

0.45%

Uncovered

warrants

£12.80

09/06/2010

To Expiry

1,112,498

Nominal

Delta

0.61%

0.30%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

9,087,638 (Delta adjusted)

4.99% (Delta adjusted)

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

Lansdowne Partners International Limited is the parent undertaking of Lansdowne Partners Limited.

Proxy Voting:

10. Name of the proxy holder:

Lansdowne Partners Limited

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:

Phil Harris

15. Contact telephone number:

+44 20 7408 8521

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)

¹Lansdowne Partners Limited being the General Partner of Lansdowne Partners Limited Partnership 

²Lansdowne Partners International Limited

Contact address 

(registered office for legal entities)

15 Davies Street, London W1K 3AG   

Phone number & email

  +44 20 7290 5500

Other useful information 

(at least legal representative for legal persons)

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.