Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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

Hochschild Mining plc ("the Company")

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

An acquisition or disposal of voting rights

Yes 

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

No 

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

 No

An event changing the breakdown of voting rights

Yes (an issue of shares by the Company)

Other (please specify):

 No

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

Eduardo Hochschild

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

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

12 October 2009

6. Date on which issuer notified:

14 October 2009

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

59% to 53.96%

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

Indirect

Direct

Indirect

Ordinary Shares

GB00B1FW5029

181,350,426

181,350,426

182,415,206

182,415,206

53.96%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/  Conversion  Period

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

% of voting rights

 N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise  price

Expiration  date

Exercise/ Conversion  period

Number of voting  rights instrument  refers to

% of voting rights

 N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

182,415,206

53.96%

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

Pelham Investment Corporation ("Pelham") directly owns 182,415,206 Ordinary Shares of the Company. 

Eduardo Hochschild controls the board of Pelham and indirectly beneficially owns 100% of the share capital of Pelham. 

Proxy Voting:

10. Name of the proxy holder:

 N/A

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:

Raj Bhasin, Company Secretary, 

Hochschild Mining plc

15. Contact telephone number:

020 7907 2930