Holding(s) in Company

RNS Number:0173A
Nikanor Plc
10 July 2007



NIKANOR - NOTIFICATION OF INTEREST



Nikanor plc ("Nikanor") received notification from Glencore International AG
("Glencore") on 10 July 2007 that following its acquisitions of, in total,
3,225,244 ordinary shares in Nikanor on 6 July 2007 and 9 July 2007, Glencore is
now interested in 53,225,244 ordinary shares. The notification was given on
behalf of Glencore Finance (Bermuda) Ltd and each intermediate holding company
between Glencore International AG and Glencore Finance (Bermuda) Ltd.



Glencore's total interest now represents 25.77% of Nikanor's issued share
capital. As indicated in the Company's announcement of 1 June 2007, 50 per cent
(or 25 million) of the shares acquired by Glencore in the recent cash placing
were applied for on behalf of Ruwenzori Limited. Nikanor understands that these
shares have not yet been transferred by Glencore to Ruwenzori Limited.





For further information, please contact:



Nikanor PLC                                                [phone]

Jonathan Leslie, Executive Chairman
Peter Sydney-Smith, Finance Director
Richard Boorman, Head of Investor Relations



Citigate Dewe Rogerson                                      [phone]

Kate Delahunty
George Cazenove



JPMorgan Cazenove                                           [phone]

Robert Stafler






Notes to Editors

Nikanor is a mining group which owns assets in the heart of the African
copperbelt in the Democratic Republic of Congo.  The group's key mine is KOV,
containing one of the world's largest high quality copper and cobalt ore bodies.
Nikanor is rehabilitating this proven and well documented brownfield site and
building a major state of the art refining plant to produce 250,000 tonnes per
year of LME A-grade copper cathode and 27,500 tonnes per year of cobalt
products.



Nikanor was admitted to the London Stock Exchange (AIM) on 17 July 2006.






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