Petropavlovsk PLC : - Holding(s) in Company

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For filings with the FSA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1.Identity of theissuer or the underlying issuer of existing shares to which voting rights are attached:		Petropavlovsk PLC
2 Reason for the notification (pleasetick the appropriate box or boxes):
Anacquisition or disposal of votingrights			YES
Anacquisition or disposal of qualifying financial instrumentswhich may result in the acquisition of shares already issued to which voting rights areattached
Anacquisition or disposal of instruments with similar economic effect to qualifying financial instruments
Anevent changing the breakdown of votingrights
Other (please specify):
3. Full name of person(s) subjectto the notification obligation:	Vanguard Precious Metals and Mining Fund
4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction and date on whichthe threshold is crossed or reached:	January 22, 2013
6. Date on which issuer notified:	January 23, 2013
7. Threshold(s) that is/are crossed or reached:	5

8. Notifieddetails:
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights	Number of shares	Number of voting rights		% of voting rights
			Direct	Direct	Indirect	Direct	Indirect
GB0031544546	9,250,000	9,250,000	9,750,000	9,750,000		5.19%

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ Conversion Period	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights
N/A

C: Financial Instruments with similar economiceffect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Exercise price	Expiration date	Exercise/ Conversion period	Number of voting rights instrument refers to	% of voting rights
N/A					Nominal	Delta

Total (A+B+C)
Number of voting rights	Percentage of voting rights
9,750,000	5.19%

9. Chain of controlled undertakings through whichthe voting rights and/orthe financial instruments are effectively held, ifapplicable: N/A i

Proxy Voting:
10. Name of the proxy holder:	N/A
11. Number of voting rights proxy holder willcease to hold:
12. Date on which proxy holder will ceaseto hold voting rights:

13. Additional information:
14. Contact name:	Vanguard Precious Metals and Mining Fund c/o The Vanguard Group, Inc. Attn: Nick Gould
15. Contact telephone number:	[phone]

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