Sable Mining Afr.Ltd - Holding(s) in Company

Sable Mining Africa Ltd / Index: AIM / Epic (LSE: EQPI.L - news) : SBLM / Sector: Natural Resources

21 May 2012

Sable Mining Africa Limited ('Sable Mining' or 'the Company')

Holdings in Company

Sable Mining Africa Limited, the AIM listed resource company, received notification on 18 May 2012 that following a aggregate disposal of 58,750,000 ordinary shares in the Company on 14 and 17 May 2012, Eton Park Capital Management, L.P., as the investment adviser to Eton Park Fund, L.P., and Eton Park Master Fund, Ltd. no longer holds a notifiable interest in Sable Mining.

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Notes

Sable Mining Africa Ltd is an AIM listed resource company developing a multi staged portfolio of assets in Africa, focussing primarily on iron ore and coal.

The Company has a world class portfolio of iron ore projects with multi-billion tonne potential in West Africa, primarily Guinea and Liberia as well as a coal portfolio with a multi-billion tonne attributable resource across near-term production and exploration/development assets in South Africa and Zimbabwe. Importantly, all of the Company's key assets benefit from established infrastructure which the Board recognise is a crucial aspect of successfully developing bulk tonnage development projects.

Sable Mining has a strong cash treasury and a highly experienced board and management team, ensuring that it is well positioned to enhance the actual and attributable value of its assets to become a major new player in the sub-Saharan resource exploration and development industry.