Holding(s) in Company

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

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

An event changing the breakdown of voting rights

X

Other (please specify): Acquisition of shares in place

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

UBS Global Asset Management - Traditional Entities

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

UBS Global Asset Management Life Limited

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

9 March 2009

6. Date on which issuer notified:

11 March 2009 

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

3.29%

8. Notified details:

A: Voting rights attached to shares

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

Direct

Direct

Indirect

Direct

Indirect

GB00B2N7FW85

4,803,635

4,803,635

4,803,635

4,803,635

3.29%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument 

Expiration date

Exercise/ Conversion Period/ Date

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

% of voting rights

N/A

Total (A+B)

Number of voting rights

% of voting rights

4,803,635

3.29%

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

UBS Global Asset Management on behlaf of a number of asset management clients

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:

Cintia Goertz / Sarah Cottle

15. Contact telephone number:

0207 568 4981