Notification of Major Interest

Notification of Major Interests in Shares by M&G Group Limited

 

The Company was notified on 4 November 2009 in accordance with the Disclosure Rules and Transparency Rules that, following the acquisition of ordinary shares on 2 November 2009Prudential plc group of companies now holds 33,438,948 ordinary shares and voting rights in Jubilee, representing 14.28% of the Company’s issued ordinary share capital.  

The chain of controlled undertakings through which the voting rights are held has been notified as follows:

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 Group Limited)

M&G Securities Limited (wholly owned subsidiary of M&G Group Limited)

Separately, the Company was notified on 4 November 2009, in accordance with the Disclosure Rules and Transparency Rules that, following the acquisition of ordinary shares on 4 November 2009, M&G Investments Funds 3 now holds 28,395,990 ordinary shares and voting rights in Jubilee, representing 12.13% of the Company’s issued ordinary share capital.  The voting rights and shares are held by Nortrust Nominees Ltd a/c MKK01.

This notification to Jubilee included the following disclosure. M&G Investments Funds 3 is an open ended investment company (OEIC) and is not a Prudential group company and must be separately disclosed. The OEIC Fund is managed by M&G Investment Management Limited (a wholly owned subsidiary of Prudential plc) and will have been previously attributed to Prudential plc solely on the basis that M&G Investment Management Ltd has direct fund management control over the shares identified in this notification. Therefore, the 12.13% holding being disclosed in this notification is encompassed in the 14.28% holding already disclosed above under the Prudential plc group of companies, and is not in addition to it. 

These notifications are based on 234,122,921 voting rights ordinary shares of 1p each in issue as at 10 November 2009.

 

For further information please contact: 

 

Colin Bird        

Jubilee Platinum plc  

Tel +44 (0) 20 7584 2155  

Andrew Sarosi    

Jubilee Platinum plc                

Tel +44 (0) 1752 221937     

Matthew Robinson/Edward Frisby 

FinnCap

Tel +44 (0) 20 7600 1658

Brian Christie/Leonard Eiser

Sasfin Capital

Tel +27 (0) 11 809 7500

Suzanne Johnson-Walsh /Michael Kinirons

Bishopsgate Communications Ltd

Tel +44 (0) 20 7562 3350