Holding(s) in Company

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

Norseman Gold Plc

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):

Withdrawal of previous disclosure and restatement of holding

YES

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

JPMorgan Asset Management Holdings Inc.

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

JPMorgan Asset Management (UK) Limited

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

04 February 2010

6. Date on which issuer notified:

05 February 2010

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

N/A

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

GB00B2N7FW85

AU000000NGX5

17,042,133

2,000,000

9.88%

1.16%

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

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

19,042,133

11.04%

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

Total disclosable holding for JPMorgan Asset Management Holdings Inc : 19,042,133 (11.04%)

JPMorgan Asset Management (UK) Limited: 19,042,133 (11.04%)

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:

N/A

14. Contact name:

Michael Kirwan

15. Contact telephone number:

020 7325 1413

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)

JPMorgan Asset Management Holdings Inc.

Contact address

(registered office for legal entities)

270 Park Avenue, New York, NY10017

Phone number & email

001 212 270 6000

Other useful information

(at least legal representative for legal persons)

N/A

B: Identity of the notifier, if applicable

Full name

Michael Kirwan

Contact address

JPMorgan Chase, 13th Floor, 125 London Wall, London, EC2Y 5AJ

Phone number & email

020 7325 1413

[email protected]

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

N/A

C: Additional information

N/A

For notes on how to complete form TR-1 please see the FSA website.