Holding in Company

3 February 2009

The Company was notified on 3 February 2009 that on 2 February 2009 Hargreave Hale Limited acquired 100,000 ordinary shares in Egdon Resources (“Ordinary Shares”). Following the acquisition Hargreave Hale Limited are interested in 13,090,500 Ordinary Shares representing 19.08 per cent. of the issued shares capital. 9,300,000 of these shares are for unit trusts operated by Marlborough Fund Managers Ltd, for which Hargreave Hale manages the investments on a discretionary basis. The remaining balance is held on behalf of other discretionary clients.