Holding(s) in Company

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Hochschild Mining plc

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

An acquisition or disposal of voting rights

X

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):

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

Eduardo Hochschild

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

Inversiones ASPI S.A. (formerly Inversiones Pacasmayo S.A.) ("ASPI")

Farragut Holdings, Inc. ("Farragut")

Pelham Investment Corporation ("Pelham")

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

December 30, 2014

6. Date on which issuer notified:

December 31, 2014 (after London business hours)

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

See Item 9

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary shares

GB00B1FW5029

199,320,272

199,320,272

199,320,272

54.3%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

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

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

199,320,272

54.30%

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

This notification reports the change in legal ownership of the ordinary shares of Hochschild Mining plc ("Shares") by entities indirectly controlled by Eduardo Hochschild following an internal reorganization. In that reorganization, on December 30, 2014, 16,905,066 Shares held by ASPI were transferred to Farragut and immediately transferred to Pelham, which already had an interest in 182,415,206 Shares. ASPI, Farragut and Pelham are indirectly controlled by Eduardo Hochschild. There has been no change in the indirect interest of Eduardo Hochschild in Hochschild Mining plc shares.

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

14. Contact name:

Raj Bhasin,

Company Secretary, Hochschild Mining plc

15. Contact telephone number:

020 3714 9040