Serabi Mining plc - Holdings in Company

LONDON -- (Marketwire - Jul 12, 2011) - Serabi Mining plc (AIM: SRB) (TSX: SBI) (TSX: SBI.WT)

For filings with the FSA include the annex
For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:ii Serabi 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 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 X
Other (please specify):
3. Full name of person(s) subject to the notification obligation:iii Christopher Kingsman
4. Full name of shareholder(s)
(if different from 3.):iv Greenwood Investments Ltd
5. Date of the transaction and date on which the threshold is crossed or reached:v 7 July 2011
6. Date on which issuer notified: 11 July 2011
7. Threshold(s) that is/are crossed or reached:vi, vii previously 19.26%

8. Notified details:
A: Voting rights attached to sharesviii, ix
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 Number
of shares Number of voting
rights % of voting rightsx
Direct Directxi Indirectxii Direct Indirect
GB00B4T0YL77 10,000,000 10,000,000 10,610,000 16.59%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial
instrument Expiration
datexiii Exercise/
Conversion Periodxiv Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted. % of voting
rights
Convertible loan note 31 Oct 2014 exercisable 2,000,000
3.13%
Warrants (GB00B4KL4207) 2 Dec 2012 exercisable 500,000
0.78%
C: Financial Instruments with similar economic effect to Qualifying Financial Instrumentsxv, xvi
Resulting situation after the triggering transaction
Type of financial
instrument Exercise price Expiration datexvii Exercise/
Conversion periodxviii Number of voting rights instrument refers to % of voting rightsxix, xx


Total (A B C)
Number of voting rights Percentage of voting rights
13,110,000 20.49%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:xxi

Christopher Kingsman is the controlling shareholder of Greenwood Investments Ltd
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: Christopher Kingsman
15. Contact telephone number: 020 3287 2323


Contact Information

Christopher Kingsman
020 3287 2323