Notification of Major Interes

TR-1: notification of major interests in shares

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

Peter Hambro Mining PLC

2. Reason for the notification   (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights 

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify): Please refer to item 13

Χ

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

Prudential plc group of companies

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

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

See item 13

6. Date on which issuer notified:

19 June 2008

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

See item 13

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

Direct x

Indirect xi

Direct

Indirect

GB0031544546

Below 5%

Below 5%

Below 5%

Below 5%

Below 5%

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

N/A

N/A

N/A

N/A

N/A

Total (A+B)

Number of voting rights

% of voting rights

Below 5%

Below 5%

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

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

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

N/A

13. Additional information:

M&G Investment Management Limited (MAGIM) previously disclosed a holding of 4,095,437 (5.04%). MAGIM has sole investment power but no voting power over funds managed for and on behalf of one of MAGIM's investment advisory clients. As a consequence of legal advice recently received, we must now notify you, by virtue of the DTR Handbook section 5.1.2R, of our new voting rights position in your company. This notification now excludes shares currently managed and previously notified to you, where the voting rights have been retained by the client.

14. Contact name:

Mark Thomas

M&G Investment Management Limited

15. Contact telephone number:

020 7548 3266