Holding(s) in Company

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

African Minerals Limited

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

Prudential plc group of companies

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

See attached schedule

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

18th November 2010

6. Date on which issuer notified:

19th November 2010

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

10%

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

BMG0114P1005

29,300,000

29,300,000

31,650,000

31,650,000

9.96%

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

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

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

31,650,000

9.96%

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

Prudential plc (parent company)

M&G Group Limited (wholly owned subsidiary of Prudential plc)

M&G Limited (wholly owned subsidiary of M&G Group Limited)

M&G Investment Management Limited (wholly owned subsidiary of M&G Limited)

M&G Securities Limited (wholly owned subsidiary of M&G Limited)

Proxy Voting:

10. Name of the proxy holder:

N/A

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

N/A

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

N/A

13. Additional information:

14. Contact name:

Ryan Dowling / Mark Thomas

M&G Investment Management Limited

15. Contact telephone number:

020 7548 2979 / 020 7548 3266

Registered Holder

Holding

Voting Rights

% Voting Rights

Prudential plc

31,650,000

9.96

Total Notifiable Interest

Holding type:direct

NORTRUST NOMINEE LTD A/C MKK01

27,750,000

27,750,000

PRUCLT HSBC GIS NOM (UK) PPL AC

3,900,000

3,900,000

Sub Total:

31,650,000

31,650,000

M&G Group Limited

31,650,000

9.96

NORTRUST NOMINEE LTD A/C MKK01

27,750,000

27,750,000

PRUCLT HSBC GIS NOM (UK) PPL AC

3,900,000

3,900,000

M&G Investment Management Limited

31,650,000

9.96

NORTRUST NOMINEE LTD A/C MKK01

27,750,000

27,750,000

PRUCLT HSBC GIS NOM (UK) PPL AC

3,900,000

3,900,000

M&G Limited

31,650,000

9.96

NORTRUST NOMINEE LTD A/C MKK01

27,750,000

27,750,000

PRUCLT HSBC GIS NOM (UK) PPL AC

3,900,000

3,900,000

M&G Securities Limited

27,750,000

8.73

NORTRUST NOMINEE LTD A/C MKK01

27,750,000

27,750,000