Statement re Holding in the Company


African Consolidated Resources Plc
("ACR" or the "Company")
 
Holding in the Company
 
African Consolidated Resources Plc., the AIM listed exploration company focused in Zimbabwe, announces that it has been notified of the following disposal of a major interest in its shares:-
 
 
 
 
         Change
 
 
Name
Date of
Transaction
Date of
Notification
From
To
% of current
issued share
capital
 
Lehman Brothers
International (Europe)
 
15/05/08
23/05/08
19,354,667
15,507,678
6.98%
 
 
 
For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, the total number of ordinary shares of 1p each in the capital of the Company in issue as at the date of this notice is 222,157,890 with each share carrying the right to one vote.
 
There are no shares held in treasury.
 
Therefore, the total number of voting rights in the Company is 222,157,890.
 
The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.
 
 
Enquiries:
 
African Consolidated Resources plc
Andrew Cranswick      
Roy Tucker
                      
 
+44 7920 189010
+44 1622 816918 / +44 7920 189012
Ambrian Partners Limited
Richard Brown
Richard Greenfield
 
 
+44 20 7634 4700