Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

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

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

An event changing the breakdown of voting rights

X

Other (please specify):

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

Renaissance Group Holdings Limited

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

Renaissance Capital Holdings Limited (Bermuda)

Renaissance Partners Investments Limited

Renaissance African Mining Limited

Renaissance Securities (Cyprus) Limited

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

July 18th 2011

6. Date on which issuer notified:

July 21st 2011

7. Threshold(s) that is/are crossed orreached: vi, vii

21,22,23,24,25,26,27,28,29,30%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B4WM8G33

133,202,797

133,202,797

252,482,186

252,482,186

n/a

28.97%

n/a

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

Warrant

19 July 2013

Until 19 July 2013

16,650,000

1.91%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

269,132,186

30.88%

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

Total Disclosable holdings for Renaissance Group Holdings Limited: 269,132,186 (30.88%)

A

1. Renaissance Partners Investments Limited: 231,982,186 (26.62%)

a. Renaissance African Mining Limited: 122,918,083 (14.10%)

b. Gratiosa Holdings Limited: 102,564,103 (11.77%)

c. African Investment SUB3 Limited: 6,500,000 (0.75%)

2. Renaissance Capital Holdings Limited (Bermuda): 20,500,000 (2.35%)

a. Renaissance Securities (Cyprus) Limited: 20,500,000 (2.35%)

B

1. Renaissance Partners Investments Limited: 16,650,000 (1.91%)

a. Renaissance African Mining Limited: 16,650,000 (1.91%)

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

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

13. Additional information:

Please note that Renaissance Group has other holdings which are covered by exemptions.

14. Contact name:

15. Contact telephone number:

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in share

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

Full name

(including legal form of legal entities)

Renaissance Group Holdings Limited

Contact address

(registered office for legal entities)

Mercury House,

101 Front Street

Hamilton HM 12

Bermuda

Phone number & email

Other useful information

(at least legal representative for legal persons)

B: Identity of the notifier, if applicable

Full name

Ricky Crump

Contact address

Alpha Business Centre

27 Pindarou Street

1060 Nicosia

Cyprus

Phone number & email

+ 357 (22) 505 826

[email protected]

Other useful information

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

C: Additional information

For notes on how to complete form TR-1 please see the FSA website.