Notification of Major Interest in Shares
17 July 2008
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):
Strategic Natural Resources plc
2. Reason for the notification:
An acquisition or disposal of voting rights
3. Full name of person(s) subject to the notification obligation (iii):
RAB Capital Plc acting as a discretionary manager of RAB Octane (Master) Fund Limited
4. Full name of shareholder(s) (if difference from 3):
Credit Suisse Client Nominees (UK) Limited
5. Date of the transaction and date on which the threshold is crossed or reached (v):
26 June 2008
6. Date on which issued notified:
16 July 2008
7. Threshold(s) that is/are crossed or reached:
5%
8. Notified details
n/a
A: Voting rights attached to shares
Class/type of share if possible using the ISIN Code
GB00B1VQ5F36
Situation Previous to the triggering transaction (vi) -
Number of Shares
n/a
Number of Voting Rights (viii)
n/a
Resulting situation after the triggering transaction (viii) -
Number of Shares
0
Number of Voting Rights - Direct (x)
0
Number of Voting Rights - Indirect (xi)
3,358,333
% of voting rights - Direct
0
% of voting rights - Indirect
5.17
B: Financial Instruments
Resulting situation after the triggering transaction (xii)
Type of financial instrument
N/A
Expiration date (xiii)
N/A
Exercise/Conversion Period/Date (xiv)
N/A
Number of voting rights that may be acquired if the instrument is exercised/converted
N/A
% of voting rights
N/A
Total (A+B)
Number of voting rights
3,358,333
% of voting rights
5.17
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):
RAB Capital Plc acts as investment manager for RAB OCTANE (MASTER) FUND LIMITED. RAB Capital plc does not act as custodian for its clients and therefore the shares are held in the nominee name of the custodian of its clients, which is:
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:
N/A
14.Contact name:
Legal Team
15.Contact telephone number:
+44 (0)20 7389 7000
For further information, please contact:
Strategic Natural Resources plc
David Nel, Chief Executive Officer
+27 (0) 41 374 0842
Jeremy Metcalfe, Communications Director
+44 (0)7785 346 718
Nominated Adviser and Joint Broker - Allenby Capital Limited
Nick Naylor / Alex Price / James Reeve
+44 (0) 20 3328 5656
Joint Broker - SP Angel Corporate Finance Limited
Emin Eyi / Tercel Moore
+44 (0) 207 647 9646
FTI Consulting
Ben Brewerton / Georgia Mann
+44 (0)207 831 3113