Holding(s) in Company

RNS Number:6367S
Archipelago Resources PLC
18 April 2008


TR-1: Notification of Major Interests in Shares          

1. Identity of the issuer or the underlying issuer of
existing shares to which voting rights are attached:     Archipelago Resources Plc

2. Reason for notification (yes/no)                                   Yes

An acquisition or disposal of voting rights                           No

An acquisition or disposal of financial instruments which may result 
in the acquisition of shares already issued to which voting rights 
are attached                                                          No

An event changing the breakdown of voting rights                      No

Other (please specify): change in share capital

3. Full name of person(s) subject to notification                QVT Financial LP
obligation:

4. Full name of shareholder(s) (if different from                QVT Financial LP
3):                                                            Quintessence Fund L.P.

5. Date of transaction (and date on which the                     16 April 2008
threshold is crossed or reached if different):


6. Date on which issuer notified:                                 17 April 2008


7. Threshold(s) that is/are crossed or reached:                   3%


8: Notified Details
A: Voting rights attached to shares


Class/type of shares Situation previous to the   Resulting situation after the triggering transaction
                      triggering transaction
If possible use ISIN
code
                        Number of    Number of    Number of    Number of voting    Percentage of voting
                           shares       voting       shares         rights                rights
                                        rights
                                                                Direct    Indirect     Direct   Indirect

                        6,343,767    6,343,767    2,859,652              2,859,852                 1.56%

Ordinary Shares


B: Financial Instruments


Resulting situation after the triggering transaction


Type of financial         Expiration date Exercise/ conversion  No. of voting rights Percentage of voting
instrument                                         period/date  that may be acquired               rights
                                                                  (if the instrument
                                                                exercised/converted)





Total (A+B)


 Number of voting rights                            Percentage of voting rights
 
     2,859,852                                              1.56%


9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are
effectively held, if applicable:
As above
Name of the Company/Fund                                     Number of                        % of issued
                                                                Shares                      share capital


Proxy Voting: Not applicable


10. Name of 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:                                       Lars Bader


15. Contact telephone name:                            [phone]






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