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:

GCM Resources PLC

GB00B00KV284

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 

No

An event changing the breakdown of voting rights

No

Other (please specify):______________

No

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

UBS Investment Bank

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

UBS AG London Branch

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

12 March 2009

6. Date on which issuer notified:

16 March 2009 

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

Below Notifiable Threshold

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code GB00B00KV284

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares 4,972,182

Number of voting rights 4,972,182

Number of shares

Below

Notifiable

Threshold

Number of voting rights

Percentage of voting rights

Direct

Below

Notifiable

Threshold

Indirect

Below

Notifiable

Threshold

Direct

Below

Notifiable

Threshold

Indirect

Below

Notifiable

Threshold

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

Below Notifiable Threshold

Below Notifiable Threshold

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

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:

Sarah Cottle / Jasmin Gaehier

15. Contact telephone name:

0207 568 4981