TIDMMML

RNS Number : 8007W

Medusa Mining Limited

25 November 2010

Medusa Mining Limited

("Medusa" or the "Company")

25 November 2010

Holdings in Company

Medusa has been informed today that as of 23 November 2010 Vanguard Precious Metals and Mining Fund was beneficially interested in a total of 11,400,000 ordinary shares of nil par value in the Company which represents approximately 6.07% of the issued share capital of the Company. The registered owner of the 11,400,000 ordinary shares is JPMorgan Chase Bank, N.A.

In addition, the Company was informed today that as of 23 November 2010 FMR LLC and FIL Limited (parent companies of a fund management group with power to exercise control over disposal of securities) was interested in a total of 9,613,426 ordinary shares of nil par value in the Company which represents approximately 5.12% of the issued share capital of the Company. The registered owners of the 9,613,426 ordinary shares are as follows:

 
                                           Person entitled to 
 Holder of relevant   Registered holder    be registered as     Number 
  interest            of securities        holder                of securities 
                                           SELECT GOLD 
 FMR LLC & FIL        Various Custodians    PORTFOLIO           2,727,885 
                     -------------------  -------------------  --------------- 
 FMR LLC & FIL        Various Custodians   CONTRAFUND           5,272,053 
                     -------------------  -------------------  --------------- 
 FMR LLC & FIL        Various Custodians   FA SMALL CAP FUND    299,626 
                     -------------------  -------------------  --------------- 
 FMR LLC & FIL        Various Custodians   FA NEW INSIGHTS      1,067,485 
                     -------------------  -------------------  --------------- 
                                           FID AUSTRALIA 
 FMR LLC & FIL        Various Custodians    SMALL CAP PLT FD    2,525 
                     -------------------  -------------------  --------------- 
                                           FID GLBL COMMODITY 
 FMR LLC & FIL        Various Custodians    STK FUND            4,109 
                     -------------------  -------------------  --------------- 
                                           FA INT SOUTH EAST 
 FMR LLC & FIL        Various Custodians    ASIA SUB            239,743 
                     -------------------  -------------------  --------------- 
   TOTAL                                                        9,613,426 
  -----------------------------------------------------------  --------------- 
 

The following further information was provided by FMR LLC and FIL Limited:

FMR LLC is a Delaware limited liability company with its principal place of business at 82 Devonshire Street, Boston, Massachusetts. Fidelity Management & Research Company (FMR Co.), Fidelity Management Trust Company (FMTC) and Pyramis Global Advisors LLC (PGALLC) are wholly-owned subsidiaries of FMR LLC and under the common control of FMR LLC. Each may be considered a related body corporate and hence an 'associate' of FMR LLC, as such term is used in the Corporations Law 2001. FMR Co. is advisor to registered holders named above and has power under its management agreements to dispose of the subject shares. FMR Co. also carries out voting under the written guidelines established by the Boards of Trustees of the Funds which are registered holders. The relevant interests of FMTC and PGALLC consist of the power to dispose of and may also consist of the power to vote or direct the voting of, the shares of institutional accounts with which they each have management agreements.

FIL Limited (FIL), previously known as Fidelity International Limited, is a Bermuda domiciled company with a registered office at Pembroke Hall 42 Crow Lane, Pembroke, Bermuda. FIL may vote or direct the voting of the shares of registered holders named above under written guidelines established by the Board of Directors of FIL. FIL and its subsidiary management companies such as Fidelity Investments International (FII) and Fidelity Pensions Management (FPM) have power to dispose of shares of funds of registered holders named above and/or of institutional accounts with which the companies have management agreements. FII and FPM are wholly-owned subsidiary of FIL and hence 'associates' of FIL as such term is used in the Corporations Law 2001.

Contact details:

Medusa Mining Limited

+61 8 9367 0601

Geoffrey Davis, Managing Director

Roy Daniel, Finance Director

Fairfax I.S. PLC

+44 (0)20 7598 5368

Financial Adviser / Broker

Ewan Leggat / Laura Littley

Lothbury Financial Services Limited

+44 (0)20 7868 2567

Michael Padley / Libby Moss

This information is provided by RNS

The company news service from the London Stock Exchange

END

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