Holding(s) in Company: Polo R

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

Caledon Resources plc

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 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):___________________________________________

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

Polo Resources Limited

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

Bank of New York (Nominees) Limited, Pershing Nominees Limited

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

29 May 2008, 30 May 2008, 

2 June 2008 and 3 June 2008

6. Date on which issuer notified:

3 June 2008

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

13%, 14%, 15%, 16%, 17% and 18% 

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 x

Indirect xi

Direct

Indirect

GB00B1GJZT14

ORD

21,525,000

21,525,000

36,110,000

-

36,110,000

-

18.52%

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

36,110,000

18.52%

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

The shares acquired are held in the name of Pershing Nominees Limited and Bank of New York (Nominees) Limited on behalf of Polo Australasia Limited, a wholly owned subsidiary of Polo Resources Limited.

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:

Neil Herbert

15. Contact telephone number:

Neil Herbert