RNS Number:8523S
Archipelago Resources PLC
04 December 2003

Archipelago Resources plc (the "Company")



Significant shareholder



Pursuant to the partial waiver of a deed of restriction dated 19 August 2003
between the Company, Grant Thornton and Ocean Resources Capital Holdings Plc
("Ocean"), Ocean has released 50,000 of the ordinary shares it holds in the
Company at a price of 33 pence per share to satisfy market demand.  As a result,
Ocean now holds 18,200,000 ordinary shares in the Company representing 38.5% of
the issued share capital.


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