TIDMNGL 
 
RNS Number : 1786U 
Norseman Gold PLC 
11 October 2010 
 

 
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| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                    | 
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|                                             |                                     | 
+---------------------------------------------+-------------------------------------+ 
| 1. Identity of the issuer or the underlying |                       Norseman Gold | 
| issuer                                      |                                     | 
| of existing shares to which voting rights   |                                     | 
| are                                         |                                     | 
| attached: ii                                |                                     | 
+---------------------------------------------+-------------------------------------+ 
| 2 Reason for the notification (please tick the appropriate box or boxes):         | 
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| An acquisition or disposal of voting rights                              |   X    | 
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| An acquisition or disposal of qualifying financial instruments which may |        | 
| result in the acquisition of shares already issued to which voting       |        | 
| rights are attached                                                      |        | 
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| An acquisition or disposal of instruments with similar economic effect   |        | 
| to qualifying financial instruments                                      |        | 
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| An event changing the breakdown of voting rights                         |        | 
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| Other (please  |                                                         |        | 
| specify):      |                                                         |        | 
+----------------+---------------------------------------------------------+--------+ 
| 3. Full name of person(s) subject   |                      Slater Investments Ltd | 
| to the                              |                                             | 
| notification obligation: iii        |                                             | 
+-------------------------------------+---------------------------------------------+ 
| 4. Full name of shareholder(s)      |                                             | 
|  (if different from 3.):iv          |                                             | 
+-------------------------------------+---------------------------------------------+ 
| 5. Date of the transaction and date |                              6 October 2010 | 
| on                                  |                                             | 
| which the threshold is crossed or   |                                             | 
| reached: v                          |                                             | 
+-------------------------------------+---------------------------------------------+ 
|  6. Date on which issuer notified:  |                              6 October 2010 | 
+-------------------------------------+---------------------------------------------+ 
| 7. Threshold(s) that is/are crossed |                                    Above 4% | 
| or                                  |                                             | 
| reached: vi, vii                    |                                             | 
+-------------------------------------+---------------------------------------------+ 
|                |                    |  |    |                            |        | 
+----------------+--------------------+--+----+----------------------------+--------+ 
 
+--------------+------------------+----+------+------------+----+--+-----------------------+-+-----+-----+-----------+---------+----------------------+----+--+-------+ 
| 8. Notified details:                                                                                                                                                | 
+---------------------------------------------------------------------------------------------------------------------------------------------------------------------+ 
| A: Voting rights attached to shares viii, ix                                                                                                                        | 
+---------------------------------------------------------------------------------------------------------------------------------------------------------------------+ 
| Class/type   | Situation previous                                | Resulting situation after the triggering transaction                                             | 
| of           | to the triggering                                 |                                                                                                  | 
| shares       | transaction                                       |                                                                                                  | 
| if possible  |                                                   |                                                                                                  | 
| using        |                                                   |                                                                                                  | 
| the ISIN     |                                                   |                                                                                                  | 
| CODE         |                                                   |                                                                                                  | 
+              +---------------------------------------------------+--------------------------------------------------------------------------------------------------+ 
|              | Number                       | Number             | Number                  | Number of             | % of  voting rights x                          | 
|              | of                           | of                 | of shares               | voting                |                                                | 
|              | Shares                       | Voting             |                         | rights                |                                                | 
|              |                              | Rights             |                         |                       |                                                | 
+              +                              +                    +-------------------------+-----------------------+------------------------------------------------+ 
|              |                              |                    | Direct                  | Direct xi | Indirect  | Direct                              | Indirect | 
|              |                              |                    |                         |           | xii       |                                     |          | 
+--------------+------------------------------+--------------------+-------------------------+-----------+-----------+-------------------------------------+----------+ 
| GB00B2N7FW85 | 5,330,000                    | 5,330,000          | 7,850,000               | 7,850,000 | 1,580,000 | 0.8%                                | 3.84%    | 
+--------------+                              +                    +                         +           +           +                                     +          + 
|              |                              |                    |                         |           |           |                                     |          | 
+--------------+------------------------------+--------------------+-------------------------+-----------+-----------+-------------------------------------+----------+ 
|                                                                                                                                                                     | 
+---------------------------------------------------------------------------------------------------------------------------------------------------------------------+ 
| B: Qualifying Financial Instruments                                                                                                                                 | 
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| Resulting situation after the triggering transaction                                                                                                                | 
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| 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                                                                   | 
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| Resulting situation after the triggering transaction                                                                                                                | 
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| Type of financial               | Exercise  | Expiration      | Exercise/                  | Number of voting                | % of voting                          | 
| instrument                      | price     | date xvii       | Conversion                 | rights instrument               | rights xix, xx                       | 
|                                 |           |                 | period xviii               | refers to                       |                                      | 
|                                 |           |                 |                            |                                 |                                      | 
+---------------------------------+-----------+-----------------+----------------------------+---------------------------------+--------------------------------------+ 
|                                 |           |                 |                            |                                 | Nominal                      | Delta | 
|                                 |           |                 |                            |                                 |                              |       | 
+                                 +           +                 +                            +                                 +------------------------------+-------+ 
|                                 |           |                 |                            |                                 |                              |       | 
+---------------------------------+-----------+-----------------+----------------------------+---------------------------------+------------------------------+-------+ 
|                                                                                                                                                                     | 
+---------------------------------------------------------------------------------------------------------------------------------------------------------------------+ 
| Total (A+B+C)                                                                                                                                                       | 
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| Number of voting rights                                                                  | Percentage of voting rights                                              | 
+------------------------------------------------------------------------------------------+--------------------------------------------------------------------------+ 
| 9,430,000                                                                                | 4.64%                                                                    | 
+------------------------------------------------------------------------------------------+--------------------------------------------------------------------------+ 
|              |                  |    |      |            |    |  |                       | |     |     |           |         |                      |    |  |       | 
+--------------+------------------+----+------+------------+----+--+-----------------------+-+-----+-----+-----------+---------+----------------------+----+--+-------+ 
 
+--------------------------------------+-----------+------------------------------+ 
| 9. Chain of controlled undertakings through which the voting rights and/or the  | 
| financial instruments are effectively held, if applicable: xxi                  | 
+---------------------------------------------------------------------------------+ 
|                                                                                 | 
|                                                                                 | 
+---------------------------------------------------------------------------------+ 
|                                                                                 | 
+---------------------------------------------------------------------------------+ 
| 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:                                   |                              | 
+--------------------------------------------------+------------------------------+ 
|                                                                                 | 
+---------------------------------------------------------------------------------+ 
| 13. Additional information:          |                                          | 
+--------------------------------------+------------------------------------------+ 
| 14. Contact name:                    |                             Nicola Smith | 
+--------------------------------------+------------------------------------------+ 
| 15. Contact telephone number:        |                         +44 20 7220 9460 | 
+--------------------------------------+------------------------------------------+ 
|                                      |           |                              | 
+--------------------------------------+-----------+------------------------------+ 
 
+-------------------------------------+--------------------------------------+ 
| Note: Annex should only be submitted to the FSA not the issuer             | 
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| Annex: Notification of major interests in share                            | 
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|                                                                            | 
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| A: Identity of the persons or legal entity subject to the notification     | 
| obligation                                                                 | 
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| Full name                           |                                      | 
| (including legal form of legal      |                                      | 
| entities)                           |                                      | 
|                                     |                                      | 
+-------------------------------------+--------------------------------------+ 
| Contact address                     |                                      | 
| (registered office for legal        |                                      | 
| entities)                           |                                      | 
|                                     |                                      | 
+-------------------------------------+--------------------------------------+ 
| Phone number & email                |                                      | 
|                                     |                                      | 
+-------------------------------------+--------------------------------------+ 
| Other useful information            |                                      | 
| (at least legal representative for  |                                      | 
| legal persons)                      |                                      | 
|                                     |                                      | 
+-------------------------------------+--------------------------------------+ 
|                                     |                                      | 
+-------------------------------------+--------------------------------------+ 
| B: Identity of the notifier, if applicable                                 | 
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| Full name                           |                                      | 
|                                     |                                      | 
+-------------------------------------+--------------------------------------+ 
| Contact address                     |                                      | 
|                                     |                                      | 
+-------------------------------------+--------------------------------------+ 
| Phone number & email                |                                      | 
|                                     |                                      | 
+-------------------------------------+--------------------------------------+ 
| Other useful information            |                                      | 
| (e.g. functional relationship with  |                                      | 
| the person or legal entity subject  |                                      | 
| to the notification obligation)     |                                      | 
+-------------------------------------+--------------------------------------+ 
|                                                                            | 
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| C: Additional information                                                  | 
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|                                                                            | 
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| For notes on how to complete form TR-1 please see the FSA website.         | 
+-------------------------------------+--------------------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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