rio buying up, page-5

By then, when 'impatient' EXT holders finally dry up RIO will have top 1% stake in new enlarged company = ""Rio Tinto will hold approximately 18.6% in the Enlarged Company.""




KAH last trade 2 trades
16:06:46 22-Sep-2008 33.63 5,947 1,999.68 Ordinary Trade
12:42:22 22-Sep-2008 33.50 29,850 9,999.75 Ordinary Trade


AIM Regulatory Announcement

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Company Kalahari Minerals
TIDM KAH
Headline Notice of Major Shareholdings by Rio Tinto
Released 15:01 22-Sep-08
Number 9969D15



RNS Number : 9969D
Kalahari Minerals PLC
22 September 2008



Kalahari Minerals plc / Ticker: KAH / Index: AIM / Sector: Mining & Exploration

22 September 2008

Kalahari Minerals plc ("Kalahari" or "the Company")




Notice of Major Shareholdings by Rio Tinto




Kalahari Minerals plc, the AIM listed mining exploration group with a portfolio of copper, base metal and uranium interests in Namibia, announces that Rio Tinto International Holdings Australia Pty Ltd ('Rio Tinto') has increased its stake in ASX listed Extract Resources Limited ('Extract') through the purchase of 4,684,033 ordinary shares on 18 September 2008. This purchase increases Rio Tinto's substantial holding to approximately 13.1% of Extract's total voting rights. This is following Kalahari and Extract's announcement on 5 September 2008 regarding the proposed restructure by means of a merger of the two companies.




This purchase follows Rio Tinto's purchase of approximately 14.9% and 10.9% in Kalahari and Extract respectively on 11 September 2008.




The restructure will consolidate ownership of the assets of each company into a single corporate vehicle (the 'Enlarged Company'). It is intended that the Enlarged Company will (subject to required approvals) be dual listed on AIM and the ASX. Post restructure, Rio Tinto will hold approximately 18.6% in the Enlarged Company.