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Holding(s) in Company

6th Sep 2007 14:50

Avarae Global Coins PLC06 September 2007 TR-1: Notifications of Major Interests in Shares 1. Identity of the issuer or the underlying issuer of Avarae Global Coins Plcexisting shares to which voting rights are attached: 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 acquisitionof shares already issued to which voting rights are attached An event changing the breakdown of voting rights Other (please specify):______________ 3. Full name of person(s) subject to notification Gryphon Fund Management Limitedobligation: 4. Full name of shareholder(s) (if different from3): 5. Date of transaction (and date on which the Not advisedthreshold is crossed or reached if different): 6. Date on which issuer notified: 05/09/07 7. Threshold(s) that is/are crossed or reached: 5% 8: Notified Details A: Voting rights attached to shares Class/type of Situation previous to Resulting situation after the triggering transactionshares the triggering transactionIf possible use Number of Number of Number of Number of voting rights Percentage of votingISIN code shares voting shares rights rights Direct Indirect Direct Indirect GB00B137SQ61 4,800,000 4,800,000 11,000,000 11,000,000 9.98% B: Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration date Exercise/ conversion No. of voting rights Percentage of votinginstrument period/date that may be acquired rights (if the instrument exercised/converted) Total (A+B) Number of voting rights Percentage of voting rights 11,000,000 9.98% 9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectivelyheld, if applicable: Proxy Voting: 10. Name of 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: 14 Contact name: Brian Hatton 15. Contact telephone name: 01624 615 614 This information is provided by RNS The company news service from the London Stock Exchange

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