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Press Release
10 May 2004

Oriel Resources plc (the ‘Company’) announces that on 7 May 2004 it received the following notification, dated 7 May 2004, from Threadneedle Asset Management Limited (‘Threadneedle’), that on behalf of American Express Company and its group, Threadneedle’s holding of notifiable interest in the Company was 18,083,786 Ordinary Shares in the Company which are held as follows:

Registered owner Ordinary 1p Shares
Littledown Nominees Ltd A/c 21667 52,830
Littledown Nominees Ltd A/c 05576 12,500,000
Littledown Nominees Ltd A/c 05577 750,000
Littledown Nominees Ltd A/c 07203 47,495
Littledown Nominees Ltd A/c 31348 533,461
Littledown Nominees Ltd A/c 10490 3,200,000
Littledown Nominees Ltd A/c 07197 1,000,000
TOTAL 18,083,786

This represents approximately 11.2% of the current issued ordinary share capital of the Company.
Littledown Nominees Ltd is a nominee for various AXP Group subsidiary companies, in particular Threadneedle Pensions Ltd. It also acts for (a) the Depository of each of Threadneedle Investment Funds ICVC and Threadneedle Specialist Investment Funds ICVC, which are managed by the AXP Group subsidiary company Threadneedle Investment Services Ltd; and (b) the trustee of several unit trusts managed by Eagle Star Unit Managers Ltd, another AXP Group subsidiary company.
These and any other entities shown as the registrant of shares disclosed in this notification also act for organisations that are not members of the AXP group of companies.
AXP is American Express Company, a company incorporated in the USA.

Enquiries:
David Swan
Oriel Resources Plc
020 7514 0590
END