Holding(s) in Company

For filings with the FSA include the annex

For filings with issuer exclude the annex 

TR-1: Notifications of Major Interests in Shares

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

Norseman Gold Plc

2. Reason for notification (yes/no)

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

Other (please specify): Private placement of new ordinary shares, increasing the ordinary shares with voting rights in issue to 146,040,000______________

Yes

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

SVM Asset Management Ltd

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

Clients of SVM Asset Management Ltd

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

10/03/2009

6. Date on which issuer notified:

11/03/2009

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

5%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code Ordinary shares GB00B2N7FW85

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares 6,998,000

Number of voting rights 6,998,000 (8.6%)

Number of shares 6,998,000

Number of voting rights

Percentage of voting rights

Direct 6,998,000

Indirect

Direct

4.8%

Indirect

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

Total (A+B)

Number of voting rights

Percentage of voting rights

6,998,000

4.8%

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

Nortrust Nominees; BNY (OCS) Nominees

Proxy Voting:

10. Name of proxy holder:

11. Number of voting rights proxy holder will cease to hold:

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

13. Additional information:

14 Contact name:

Carolina Viola

15. Contact telephone name:

+44 131 718 5602