AR. Archipelago Res

RNS Number:9046K
Archipelago Resources PLC
02 January 2008


TR-1: Notification of Major Interests in Shares


                                                              Archipelago Resources Plc

1. Identity of the issuer or the underlying issuer of
existing shares to which voting rights are attached:


2. Reason for notification (yes/no)
                                                                                             Yes

An acquisition or disposal of voting rights
                                                                                             No

An acquisition or disposal of financial instruments which may result in the acquisition
of shares already issued to which voting rights are attached
                                                                                             No

An event changing the breakdown of voting rights
                                                                                        No

Other (please specify): change in share capital
3. Full name of person(s) subject to notification    QVT Financial LP
obligation:

4. Full name of shareholder(s) (if different from    QVT Fund LP
3):
                                                     Quintessence Fund L.P.

5. Date of transaction (and date on which the                        21 December 2007
threshold is crossed or reached if different):


6. Date on which issuer notified:                                    27 December 2007


7. Threshold(s) that is/are crossed or reached:                             3%


8: Notified Details
A: Voting rights attached to shares


Class/type of shares Situation previous to the   Resulting situation after the triggering transaction
                      triggering transaction
If possible use ISIN
code
                        Number of    Number of    Number of    Number of voting    Percentage of voting
                           shares       voting       shares         rights                rights
                                        rights


                                                                Direct    Indirect     Direct   Indirect
                         Below 3%     Below 3%    6,343,767              6,343,767                  3.7%

GB0033551721


B: Financial Instruments


Resulting situation after the triggering transaction


Type of financial         Expiration date Exercise/ conversion  No. of voting rights Percentage of voting
instrument                                         period/date  that may be acquired               rights
                                                                  (if the instrument
                                                                exercised/converted)





Total (A+B)


              Number of voting rights                            Percentage of voting rights
                     6,343,767                                               3.7%


9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are
effectively held, if applicable:
As above
Name of the Company/Fund                                     Number of                        % of issued

                                                                Shares                      share capital




Proxy Voting: Not applicable


10. Name of 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:




13. Additional information:


14 Contact name:                                       Lars Bader


15. Contact telephone name:                            +1 212 705 8800






                      This information is provided by RNS
            The company news service from the London Stock Exchange
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