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AFRICAN BARRICK GOLD PLC: Holding(s) in Company

For filings with the FCA include the annex                                       


          
                                                                                


      
For filings with issuer exclude the annex                                        


          
                                                                                
          
                                                                                
          
                                                                                


      
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                  


          
                                                                                
          
                                                                                
          
                                                                                


      
1. Identity of the issuer or the underlying issuer                  African 
Barrick Gold  
of existing shares to which voting rights are                                
plc          
attached:ii                                                                      


          
                                                                                


      
2 Reason for the notification (please tick the appropriate box or boxes):        


          
                                                                                


      
An acquisition or disposal of voting rights                                      


         X
                                                                                


      
An acquisition or disposal of qualifying financial instruments which may result  
      
in the acquisition of shares already issued to which voting rights are attached  


          
                                                                                


      
An acquisition or disposal of instruments with similar economic effect to        
      
qualifying financial instruments                                                 


          
                                                                                


      
An event changing the breakdown of voting rights                                 


          
                                                                                


      
Other (please specify):                                                          


          
                                                                                


      
3. Full name of person(s) subject to the                        Barrick Gold 
Corporation  
notification obligation:iii                                                      


          
                                                                                


      
4. Full name of shareholder(s)                                   PDG Sona 
(Cayman) Ltd.   
 (if different from 3.):iv                                                       


          
                                                                                


      
5. Date of the transaction and date on                                           
      
which the threshold is crossed or                                     14 March 
2014       
reached: v                                                                       


          
                                                                                


      
6. Date on which issuer notified:                                     14 March 
2014        
                                                                             
      
7. Threshold(s) that is/are crossed or                         From above 73% 
to below 64%
reached: vi, vii                                                                 


          
                                                                                
          
    8. Notified details:                                                            
             
                                                                                


         
A: Voting rights attached to shares viii, ix                                     


             
                                                                                


         
Class/type   Situation previous            Resulting situation after the 
triggering          
of           to the triggering             transaction                           
         
shares       transaction                                                         


             
                                                                                
             


         Number         Number         Number      Number of voting     % 
of  voting     
if possible  of             of             of shares   rights               
rights x         
using        Shares         Voting                                               
         
the ISIN                    Rights                     Direct   Indirect    
Direct   Indirect
CODE                                                   xi       xii              


             
                                                                                


         
Ordinary                                                                         
         
shares                                                                           


             
             303,246,950    303,246,950    262,246,950    -     262,246,950    -


  63.9%  
ISIN:                                                                            
         
GB00B61D2N63                                                                     


             
                                                                                
             
                                                                                
             
                                                                                


         
B: Qualifying Financial Instruments                                              


             
                                                                                


         
Resulting situation after the triggering transaction                             


             
                                                                                


         
Type of financial Expiration    Exercise/               Number of voting       
% of voting   
instrument        date xiii     Conversion Period xiv   rights that may be     
rights         


                                                        acquired if the         
             
                                                        instrument is           
             
                                                        exercised/ converted.   
             
                                                                                
             
                                                                                
             
                                                                                
             
                                                                                
             
                                                                                


         
C: Financial Instruments with similar economic effect to Qualifying Financial    
         
Instruments xv, xvi                                                              


             
                                                                                


         
Resulting situation after the triggering transaction                             


             
                                                                                


         
Type of       Exercise      Expiration Exercise/       Number of voting       % 
of voting    
financial     price         date xvii  Conversion      rights instrument      
rights xix, xx 
instrument                             period xviii    refers to                 


             
                                                                                
             
                                                                                
             
                                                                                
             


                                                                          
Nominal  Delta  


                                                                                
             
                                                                                
             
                                                                                
             
                                                                                
             
                                                                                


         
Total (A+B+C)                                                                    


             
                                                                                


         
Number of voting rights                           Percentage of voting rights    


             
                                                                                


         
262,246,950                                       63.9%                          


             
                                                                                
             
    9. Chain of controlled undertakings through which the voting rights and/or the  


    
financial instruments are effectively held, if applicable: xxi                   


        
                                                                                


    
PDG Sona(Cayman) Ltd is a 100% wholly owned subsidiary of Barrick Gold           
    
Corporation and, following the disposal which is the subject of this             
    
notification, now holds 45,258,970 ordinary shares in African Barrick Gold plc   
    
(ABG).                                                                           


        
                                                                                
        
                                                                                
        
                                                                                


    
The remainder of Barrick Gold Corporation's shareholding in ABG is held through  
    
the following wholly-owned subsidiaries of Barrick Gold Corporation: Barrick     
    
International (Barbados) Corp (179,609,530 ordinary shares) and PDG Bank         
    
Limited (37,378,450 ordinary shares).                                            


        
                                                                                
        
                                                                                
        
                                                                                
        
                                                                                
        
                                                                                
        
                                                                                
        
                                                                                


    
Proxy Voting:                                                                    


        
                                                                                


    
10. Name of the proxy holder:                                                    


        
                                                                                


    
11. Number of voting rights proxy holder will cease                              
    
to hold:                                                                         


        
                                                                                


    
12. Date on which proxy holder will cease to hold                                
    
voting rights:                                                                   


        
                                                                                
        
                                                                                
        
                                                                                
        
                              41,000,000 ordinary shares held by Barrick Gold   


    
13. Additional information:   Corporation (through its wholly owned subsidiary, 
PDG Sona 
                          (Cayman) Ltd.) in African Barrick Gold plc 
(representing   
                          10% of the issued ordinary shares of African 
Barrick Gold) 
                          were placed with institutional investors by way 
of an      


                              accelerated bookbuild launched on 10 March 2014.  
        
                                                                                
        
                                                                                
        
                                                                                
        


                          Settlement of the placing shares (which was 
subject to the 


                              satisfaction of certain conditions set out in the 
        


                          secondary block trade agreement) took place on 14 
March    


                              2014.                                             
        
                                                                                
        
                              David Simpson                                     
        
                                                                                
        
                              Vice President & Senior Counsel                   


    
14. Contact name:                                                                


        
                              Barrick Gold Corporation                          
        
                                                                                
        
                                                                                
        
                                                                                
        
                                                                                
        
                                                                                


    
15. Contact telephone number: Tel: 001 416 307-7318                              


        
                                                                                
        
                                                                                
        
                                                                                
        



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