The Company has been informed of changes in the non-beneficial holdings of its ordinary shares by a Director following the maturation of a family trust:

Mr CRW Parish, an executive Director, is no longer connected to a family trust which held 926,920 ordinary shares in the Company.

Following this advice:
Mr CRW Parish has a beneficial holding in the Company of 6,884,775 ordinary shares, representing 10.68% of the Company, together with a non-beneficial holding of 9,732,091 ordinary shares representing 15.10% of the Company. This represents an interest of 25.78% in the total voting rights of the Company.

For further information, please contact:
C Robin Woodbine Parish: Chairman
Steven McKeane
El Oro Ltd.
Tel: 020 7581 2782

Dexion Capital (Guernsey) Limited
Chris Copperwaite
Tel: 01481 732814

distributed by