The Company was notified on 22 December 2008 that on 19 December 2008 Hargreave Hale Limited had acquired a total of 4,750,000 ordinary shares in Egdon Resources ("Ordinary Shares"). Following the acquisition Hargreave Hale Limited is interested in 14,095,500 Ordinary Shares representing 20.5 per cent. of the issued voting capital of the Company. 10,000,000 of these Ordinary Shares, representing approximately 14.57 per cent. of the issued share capital, are for a unit trust operated by Marlborough Fund Managers Ltd, for which Hargreave Hale manages the investments on a discretionary basis. The discretionary clients of Hargreave Hale Limited are interested in 4,095,500 of these Ordinary Shares which represent approximately 5.97 per cent. of the issued voting capital of the Company.