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:

Archipelago Resources Plc

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

Yes

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

No

An event changing the breakdown of voting rights

No

Other (please specify): change in share capital

No

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

PT Rajawali Corpora

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

Arch International Holdings Limited

Saviola Group Limited

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

27 January 2010

6. Date on which issuer notified:

28 January 2010

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

39%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use 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

Percentage of voting rights

Direct

Indirect

Direct

Indirect

Ordinary Shares

146,105,800   

146,105,800

154,765,173

39.57%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

N/A

N/A

N/A

N/A

N/A

Total (A+B)

Number of voting rights

Percentage of voting rights

154,765,173

39.57%

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

As above

Name of the Company/Fund

Number of Shares

% of issued share capital

Arch International Holdings Limited

148,965,173

38.09%

Saviola Group Limited

5,800,000

1.48%

Proxy Voting: Not applicable

10. Name of 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:

Inge Resdiano

15. Contact telephone name:

+62 (21) 576 0808