Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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

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

Other (please specify): Increase in share capital due to option increase of Ordinary Shares

X

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

Renaissance Group Holdings Limited

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

Renaissance Capital Holdings Limited (Bermuda)

Renaissance Partners Investments Limited

Renaissance African Mining Limited

Renaissance Securities (Cyprus) Limited

Gratiosa Holdings Limited

Africa Investment SUB3 Limited

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

December 30th 2011

6. Date on which issuer notified:

January 9th 2012

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

37%, 36%

8. Notified details:

A: Voting rights attached to shares

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

Direct

Direct

Indirect

Direct

Indirect

GB00B4WM8G33

345,501,405

345,501,405

359,001,405

359,001,405

n/a

34.14%

n/a

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/Conversion Period

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

% of votingrights

Warrant

19 July 2013

Until 19 July 2013

16,650,000

1.58 %

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date

Exercise/Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

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

Total Disclosable holdings for Renaissance Group Holdings Limited: 375,651,405 (35.72%)

A

1. Renaissance Partners Investments Limited: 333,101,405 (31.68%)

a. Renaissance African Mining Limited: 124,037,302 (11.79%)

b. Gratiosa Holdings Limited: 102,564,103 (9.75%)

c. African Investment SUB3 Limited: 106,500,000 (10.12%)

2. Renaissance Capital Holdings Limited (Bermuda): 25,900,000 (2.46%)

a. Renaissance Securities (Cyprus) Limited: 25,900,000 (2.46%)

B

1. Renaissance Partners Investments Limited: 16,650,000 (1.58%)

a. Renaissance African Mining Limited: 16,650,000 (1.58%)

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: