Notification of Interest

RNS Number:4343D
Nikanor Plc
06 September 2007



6 September 2007


NIKANOR - NOTIFICATION OF INTEREST



Nikanor plc ("Nikanor") received notifications from Glencore International AG
("Glencore"), Cosaf Limited ("Cosaf") and Ruwenzori Limited ("Ruwenzori") on 4
September 2007 that on 31 August 2007 Ruwenzori exercised its option to acquire
from Glencore 25,000,000 ordinary shares ("the Ruwenzori shares") in Nikanor.
Ruwenzori became the registered holder of the Ruwenzori shares on 3 September
2007. Glencore remains interested in the Ruwenzori shares. Ruwenzori is an
entity registered in the Cayman Islands and is indirectly managed by RP Capital
Limited ("RPC").

This transfer is in line with that set out in the announcement of 1 June 2007
when Glencore acquired the Ruwenzori shares on Ruwenzori's behalf in Nikanor's
share placing.

Also on 31 August 2007, Cosaf became interested in 945,713 ordinary shares
transferred to it by RP Explorer Master Fund, an entity managed by RPC.

Following the above transactions, Glencore's interest in Nikanor (apart from the
interest it retains in the Ruwenzori shares) is now 28,225,224 shares
representing 13.67% of Nikanor's issued share capital. Entities managed by RPC
are interested in, aggregate, 48,695,713 shares (23.58%), including 22,750,000
(11.01%) held by New Horizon Minerals Limited ("New Horizon", a wholly owned
subsidiary of Cosaf), 945,713 (0.46%) held directly by Cosaf, and 25,000,000
(12.10%) held by Ruwenzori.


Inasmuch as it concerns Glencore, the notification was given on behalf of
Glencore Finance (Bermuda) Ltd, Glencore International AG and each intermediate
holding company between Glencore International AG and Glencore Finance (Bermuda)
Ltd, and the term "Glencore" means each of them.





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]
Joe Seifert



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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