Holding(s) in Company

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:

Avarae Global Coins Plc

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

Yes

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):______________

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

The Royal Bank of Scotland Group plc

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

ABN AMRO Bank N.V.

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

21 August 2008

6. Date on which issuer notified:

22 August 2008

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

10%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

GB00B137SQ61

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

12,000,000

Number of voting rights

12,000,000

Number of shares

12,000,000

Number of voting rights

Percentage of voting rights

Direct

12,000,000

Indirect

Direct

11.64%

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

12,000,000

11.64%

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

The Royal Bank of Scotland Group plc (11.64%)

RFS Holdings N.V. (11.64%)

ABN AMRO Holding N.V. (11.64%)

ABN AMRO Bank N.V. (11.64%)

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:

This notification is based upon the Voting Rights figure of 110,133,334 obtained from your Regulatory Announcement dated 21st August 2008

14 Contact name:

Brian Hatton

15. Contact telephone name:

01624 615618