Holding in company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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

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         X
effect to qualifying financial instruments                                  

An event changing the breakdown of voting rights                            

Other (please specify):                                                     

3. Full name of person(s ) subject  Passport Materials Master Fund, LP
to the notification obligation:     Blackwell Partners LLC

                                    Norges Bank (Central Bank of Norway)    

                                    Passport Special Opportunities Master
                                    Fund, LP Passport Plus, LLC             

                                    Passport Advisors, LP Passport Holdings,
                                    LLC John H. Burbank III Passport
                                    Capital, LLC                            

4. Full name of shareholder(s)      Passport Materials Master Fund, LP
                                    Blackwell Partners LLC
(if different from 3.):
                                    Norges Bank (Central Bank of Norway)    

                                    Passport Special Opportunities Master
                                    Fund, LP                                

5. Date of the transaction and date     October 24, 2011
 on which the threshold is crossed
or reached                                            

6. Date on which issuer notified:       October 25, 2011                        

7. Threshold(s) that is/are crossed      16%
or reached:                                                         

8. Notified details:                                                                 

A: Voting rights attached to shares                                    

Class/type of Situation previous    Resulting situation after the triggering transaction
              to the triggering
shares        transaction                                                  
if possible
using the     Number     Number     Number     Number of voting    % of voting rights
ISIN CODE     of         of Voting  of shares  rights              x
                         Rights
              Shares                Direct              Indirect Direct   Indirect 

                                               Direct                             
Ordinary      20,889,100 20,889,100 20,889,100 20,889,100          13.19%
shares
(ISIN GB0000320472)                                                                        

B: Qualifying Financial Instruments                                        

Resulting situation after the triggering transaction                      

Type of financial Expiration Exercise/         Number of voting      % of voting
                   date
instrument                   Conversion Period rights that may be    rights
                                               acquired if the
                                               instrument is
                                               exercised/ converted
                                             .                              

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction
Type of          Exercise    Expiration  Exercise/   Number of voting     % of voting rights
financial                    date                    rights               xix,
                 price                   Conversion
instrument                               period      instrument refers to xx
                                                                         Nominal     Delta
Swap             NA          May 5, 2013 NA          4,965,900
                                                                          3.13%
Total (A+B+C)                                                               

Number of voting rights               Percentage of voting rights           

25,855,000                            16.32%                                

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

John H. Burbank III is the managing member of Passport Capital, LLC.

Passport Capital, LLC is the managing member of Passport Plus, LLC and Passport
Holdings, LLC and is the Investment Manager to the Funds listed below.

Passport Plus, LLC is the general partner of Passport Special Opportunities
Master Fund, LP. Passport Holdings LLC is the general partner of Passport
Advisors LP.

Passport Advisors, LP is the general partner of Passport Materials Master Fund,
LP. The following Funds currently have the following positions with respect to
the issuer:

Blackwell Partners LLC (479,800 common shares /0.30%)

Norges Bank (Central Bank of Norway) (3,470,000 common shares/2.19%)

Passport Special Opportunities Master Fund, L.P. (16,939,300 common shares/
10.69%) Passport Materials Master Fund, LP (4,965,900 swaps/3.13%)

Proxy Voting:                                                               

10. Name of the proxy holder:                                            N/A

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

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

13. Additional information:                   None                            


Enquiries:

Ian Cuthbertson               (44)  1248 361333

Samantha Harrison / Shaun Whyte, 

Ambrian Partners Limited  +44 (0) 2076 344700;

Emily Fenton,

Conduit PR +44 (0) 20 7429 6608 / +44 (0) 7788 554035
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