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Holding(s) in Company

31st May 2007 10:27

West African Diamonds PLC31 May 2007 TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to whichvoting rights are attached: West African Diamonds Plc 2. Reason for the notification (please place an X inside the appropriate bracket/s): An acquisition or disposal of voting rights: (X) An acquisition or disposal of financial instruments which may result in theacquisition of 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 the notification obligation: Royal Bank of Scotland Plc as Trustee of the Merrill Lynch Gold & General Fund 4. Full name of shareholder(s) (if different from 3.) : 5. Date of the transaction (and date on which the threshold is crossed orreached if different): 25 May 2007 6. Date on which issuer notified: 29 May 2007 7. Threshold(s) that is/are crossed or reached: Gone from 8% to 9% 8. Notified details: A: Voting rights attached to shares Class/type of shares if possible Situation previous to the Triggering transactionusing the ISIN CODE Number of shares Number of voting Rights GB00B1CQN147 2,999,105 2,999,105 Resulting situation after the triggering transaction Class/type of shares if Number of shares Number of voting rights % of voting rightspossible using the ISIN CODE Direct Direct Indirect Direct Indirect 3,039,645 3,039,645 N/A 9.05% N/A B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration Date Exercise/Conversion Number of voting rights % of voting rightsfinancial Period/ Date that may be acquired if theinstrument instrument is exercised/ converted. Total (A+B)Number of voting rights % of voting rights 3,039,645 9.05% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable : 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: Thomas Hone, BlackRock Inc 15. Contact telephone number: 0207 743 2098 This information is provided by RNS The company news service from the London Stock Exchange

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