| 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 | Griffin Mining 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 the notification obligation: iii | Richard Griffiths and controlled undertakings |
| 4. Full name of shareholder(s) (if different from 3.):iv | |
| 5. Date of the transaction and date on which the threshold is crossed or reached: v | 13 May 2015 |
| 6. Date on which issuer notified: | 13 May 2015 |
| 7. Threshold(s) that is/are crossed or reached: vi, vii | > 4% |
| 8. Notified details: | |||||||
| A: Voting rights attached to shares viii, 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 rights x | |||
| Direct | Direct xi | Indirectxii | Direct | Indirect | |||
|
BMG319201049 |
6,000,000 |
6,000,000 |
7,000,000 |
7,000,000 |
|
4.07% |
|
| B: Qualifying Financial Instruments | ||||
| Resulting situation after the triggering transaction | ||||
| Type of financial instrument | Expiration date xiii | Exercise/Conversion Period xiv | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights |
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||
| Resulting situation after the triggering transaction | ||||||
| Type of financial instrument | 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 |
|
7,000,000 |
4.07% |
| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi |
| Seren Capital Management Limited 175,000 Blake Holdings Limited 5,325,000 Oak Trust Limited 750,000 Richard Griffiths direct holdings 750,000 Total 7,000,000 The above undertakings are all controlled by Richard Griffiths |
| 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: | James Sutcliffe |
| 15. Contact telephone number: | 01534 719761 |
