Holding(s) in Company

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

PETER HAMBRO MINING PLC

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

An acquisition or disposal of voting rights 

x

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 the notification obligation:

MALAVASIA ENTERPRISES INC

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 if different):

21/05/09

6. Date on which issuer notified:

25/05/09

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

3%

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 viii

Number of shares 

Number of voting rights ix

% of voting rights

Direct

Direct x

Indirect xi

Direct

Indirect

5,553,445

5,553,445

4,622,268

4,622,268

2.70

B: Financial Instruments

Resulting situation after the triggering transaction xii

Type of financial instrument 

Expiration date xiii

Exercise/ Conversion Period/ Date xiv 

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

% of voting rights

Total (A+B)

Number of voting rights

% of voting rights

4,622,268

2.70

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

Proxy Voting:

10. Name of the 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:

SOTERAKIS KOUPEPIDES

15. Contact telephone number:

+357-22555800

A: Identity of the person or legal entity subject to the notification obligation

Full name (including legal form for legal entities)

MALAVASIA ENTERPRISES INC

Contact address (registered office for legal entities)

REGISTERED ADDRESS

Geneva Place

Waterfront Drive

PO Box 3469, Road Town

Tortola

British Virgin Islands

MAILING ADDRESS

Julia House

3 Themistocles Dervis Street

CY-1066 Nicosia

PO Box 21612

Cyprus

Telephone (for mailing address)

+357 22 555 000

Phone number 

Other useful information (at least legal representative for legal persons)

B:  Identity of the notifier, if applicable xvii

Full name 

MALAVASIA ENTERPRISES INC

Contact address 

SOTERAKIS KOUPEPIDES

Julia House

3 Themistocles Dervis Street

CY-1066 Nicosia

PO Box 21612

Cyprus

Phone number 

+357-22555800

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

Director of Malavasia Enterprises Inc

C: Additional information