Holding(s) in Company

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

Pathfinder Minerals plc, ISIN: GB00B4MB7K73  

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

Other (please specify):

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

Genesis Asset Managers, LLP.

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

N/A

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

25th July 2011

6. Date on which issuer notified:

27th July 2011

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

5%

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

Pathfinder Minerals

ISIN: GB00B4MB7K73

0

0

86,000,000

86,000,000

8.29%

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

N/A

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

N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

86,000,000

8.29

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

There are two underlying funds that make up this holding:

Smaller Companies Portfolio of the Genesis Emerging Markets Opportunities Fund Limited. - 64,500,000. 6.22%

Africa Fund of the Genesis Emerging Markets Opportunities Fund Limited III - 21,500,000. 2.07%

Genesis Asset Managers, 6.22% + 2.07% = 8.29%

Proxy Voting:

10. Name of the proxy holder:

Genesis Asset Managers, LLP

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

N/A as buying

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

N/A as buying

13. Additional information:

Please be advised the Genesis Asset Managers, LLP is a specialist investment manager in emerging market equities for institutional clients. Our investment philosophy is as a long term, passive investor. 

14. Contact name:

Carl Spavin

15. Contact telephone number:

+44 (0)20 7201 7200

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)

Genesis Asset Managers, LLP.

Contact address

(registered office for legal entities)

The Corporation Trust Company, 1209 Orange Street, Wilmington, Delaware 19801.

Phone number & email

+44 (0)20 7201 7200 - [email protected]

Other useful information

(at least legal representative for legal persons)

N/A

B: Identity of the notifier, if applicable

Full name

Carl Spavin.

Contact address

21 Knightsbridge, London. SW1X 7LY

Phone number & email

+44 (0)20 7201 7200 - [email protected]

Other useful information

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

Genesis Investment Management, LLP (The investment adviser to Genesis Asset Managers, LLP).

C: Additional information

Please be advised the Genesis Asset Managers, LLP is a specialist investment manager in emerging market equities for institutional clients. Our investment philosophy is as a long term, passive investor.

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