TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

 

TIDMTXR TIDMPRU 
 
RNS Number : 7358V 
Titanium Resources Group Ltd 
05 November 2010 
 

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|                                                                                  | 
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| TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARESi                                 | 
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|                                            |                                     | 
+--------------------------------------------+-------------------------------------+ 
| 1. Identity of the issuer or the           |    Titanium Resources Group Ltd     | 
| underlying issuer                          |                                     | 
| of existing shares to which voting rights  |                                     | 
| are                                        |                                     | 
| attached: ii                               |                                     | 
+--------------------------------------------+-------------------------------------+ 
| 2 Reason for the notification (please tick the appropriate box or boxes):        | 
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| An acquisition or disposal of voting rights                             |   X    | 
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| 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                                     |        | 
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| An event changing the breakdown of voting rights                        |        | 
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| Other (please  |                                                        |        | 
| specify):      |                                                        |        | 
+----------------+--------------------------------------------------------+--------+ 
| 3. Full name of person(s) subject   |     Prudential plc group of companies      | 
| to the                              |                                            | 
| notification obligation: iii        |                                            | 
+-------------------------------------+--------------------------------------------+ 
| 4. Full name of shareholder(s)      |           See attached schedule            | 
|  (if different from 3.):iv          |                                            | 
+-------------------------------------+--------------------------------------------+ 
| 5. Date of the transaction and date |              04 November 2010              | 
| on                                  |                                            | 
| which the threshold is crossed or   |                                            | 
| reached: v                          |                                            | 
+-------------------------------------+--------------------------------------------+ 
| 6. Date on which issuer notified:   |              05 November 2010              | 
+-------------------------------------+--------------------------------------------+ 
| 7. Threshold(s) that is/are crossed |                 14% - 15%                  | 
| or                                  |                                            | 
| reached: vi, vii                    |                                            | 
+-------------------------------------+--------------------------------------------+ 
|                |                    |      |                            |        | 
+----------------+--------------------+------+----------------------------+--------+ 
 
+--------------+-----------------+----+------+----------+----+--+----------------------+-+------+-----+----------+--------+---------------------+----+--+-----------+ 
| 8. Notified details:                                                                                                                                              | 
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| A: Voting rights attached to shares viii, ix                                                                                                                      | 
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| Class/type   | Situation previous                             | Resulting situation after the triggering transaction                                              | 
| of           | to the triggering                              |                                                                                                   | 
| shares       | transaction                                    |                                                                                                   | 
| if possible  |                                                |                                                                                                   | 
| using        |                                                |                                                                                                   | 
| the ISIN     |                                                |                                                                                                   | 
| CODE         |                                                |                                                                                                   | 
+              +------------------------------------------------+---------------------------------------------------------------------------------------------------+ 
|              | Number                      | Number           | Number                 | Number of             | % of  voting rights                              | 
|              | of                          | of               | of shares              | voting                | x                                                | 
|              | Shares                      | Voting           |                        | rights                |                                                  | 
|              |                             | Rights           |                        |                       |                                                  | 
+              +                             +                  +------------------------+-----------------------+--------------------------------------------------+ 
|              |                             |                  | Direct                 | Direct xi  | Indirect | Direct                            | Indirect     | 
|              |                             |                  |                        |            | xii      |                                   |              | 
+--------------+-----------------------------+------------------+------------------------+------------+----------+-----------------------------------+--------------+ 
|VGG889921059  |         57,875,000          |    57,875,000    |      58,875,000        |58,875,000  |          |              15.25%               |              | 
+--------------+-----------------------------+------------------+------------------------+------------+----------+-----------------------------------+--------------+ 
|              |                             |                  |                        |            |          |                                   |              | 
+--------------+-----------------------------+------------------+------------------------+------------+----------+-----------------------------------+--------------+ 
|                                                                                                                                                                   | 
+-------------------------------------------------------------------------------------------------------------------------------------------------------------------+ 
| B: Qualifying Financial Instruments                                                                                                                               | 
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| Resulting situation after the triggering transaction                                                                                                              | 
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| Type of financial                   | Expiration      | Exercise/                             | Number of voting                              | % of voting       | 
| instrument                          | date xiii       | Conversion Period xiv                 | rights that may be                            | rights            | 
|                                     |                 |                                       | acquired if the                               |                   | 
|                                     |                 |                                       | instrument is                                 |                   | 
|                                     |                 |                                       | exercised/                                    |                   | 
|                                     |                 |                                       | converted.                                    |                   | 
+-------------------------------------+-----------------+---------------------------------------+-----------------------------------------------+-------------------+ 
|                                     |                 |                                       |                                               |                   | 
+-------------------------------------+-----------------+---------------------------------------+-----------------------------------------------+-------------------+ 
|                                                                                                                                                                   | 
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| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi                                                                 | 
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| Resulting situation after the triggering transaction                                                                                                              | 
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| Type of financial              | Exercise  | Expiration    | Exercise/                 | Number of voting               | % of voting rights                      | 
| instrument                     | price     | date xvii     | Conversion                | rights instrument              | xix, xx                                 | 
|                                |           |               | period                    | refers to                      |                                         | 
|                                |           |               | xviii                     |                                |                                         | 
+--------------------------------+-----------+---------------+---------------------------+--------------------------------+-----------------------------------------+ 
|                                |           |               |                           |                                | Nominal                     | Delta     | 
|                                |           |               |                           |                                |                             |           | 
+                                +           +               +                           +                                +-----------------------------+-----------+ 
|                                |           |               |                           |                                |                             |           | 
+--------------------------------+-----------+---------------+---------------------------+--------------------------------+-----------------------------+-----------+ 
|                                                                                                                                                                   | 
+-------------------------------------------------------------------------------------------------------------------------------------------------------------------+ 
| Total (A+B+C)                                                                                                                                                     | 
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| Number of voting rights                                                              | Percentage of voting rights                                                | 
+--------------------------------------------------------------------------------------+----------------------------------------------------------------------------+ 
| 58,875,000                                                                           | 15.25%                                                                     | 
+--------------------------------------------------------------------------------------+----------------------------------------------------------------------------+ 
|              |                 |    |      |          |    |  |                      | |      |     |          |        |                     |    |  |           | 
+--------------+-----------------+----+------+----------+----+--+----------------------+-+------+-----+----------+--------+---------------------+----+--+-----------+ 
 
+--------------------------------------+-----------+------------------------------+ 
| 9. Chain of controlled undertakings through which the voting rights and/or the  | 
| financial instruments are effectively held, if applicable: xxi                  | 
+---------------------------------------------------------------------------------+ 
| Prudential plc (parent Company)                                                 | 
| M&G Group Limited (wholly owned subsidiary of Prudential plc)                   | 
| M&G Limited (wholly owned subsidiary of M&G Group Limited)                      | 
| M&G Investment Management Limited (wholly owned subsidiary of M&G Limited)      | 
| M&G Securities Limited (wholly owned subsidiary of M&G Limited)                 | 
|                                                                                 | 
|                                                                                 | 
|                                                                                 | 
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|                                                                                 | 
+---------------------------------------------------------------------------------+ 
| 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     |             N/A              | 
| hold                                             |                              | 
| voting rights:                                   |                              | 
+--------------------------------------------------+------------------------------+ 
|                                                                                 | 
+---------------------------------------------------------------------------------+ 
| 13. Additional information:          |                                          | 
|                                      | Calculations based on a Total Voting     | 
|                                      | Rights figure of 385,864,075.            | 
+--------------------------------------+------------------------------------------+ 
| 14. Contact name:                    | Ryan Dowling / Mark Thomas               | 
|                                      | M&G Investment Management Limited        | 
+--------------------------------------+------------------------------------------+ 
| 15. Contact telephone number:        | 020 7548 2979 / 020 7548 3266            | 
+--------------------------------------+------------------------------------------+ 
|                                      |           |                              | 
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This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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