NKR Nikanor

RNS Number:9677D
Nikanor Plc
17 September 2007

17 September 2007


NIKANOR - NOTIFICATION OF INTEREST

Nikanor plc ("Nikanor") received notification from Cosaf Limited ("Cosaf") on 10
September 2007 that Cosaf had become interested in 1,746,604 ordinary shares
transferred to its subsidiary  New Horizon Minerals Limited ("New Horizon") by
Raytheon Investments Limited (116,604 shares) and by Kaylash Limited (1,630,000
shares).

Following the above transfers, Cosaf's interest in Nikanor is now 25,442,317
shares representing 12.32% of Nikanor's issued share capital of which 945,713
shares are held directly and the remaining 24,496,604 held by New Horizon.
Entities managed by RP Capital Limited ("RPC") are interested in, in aggregate,
50,442,317 shares (24.42%), including 24,496,604 (11.86%) held by New Horizon,
945,713 (0.46%) held directly by Cosaf, and 25,000,000 (12.10%) held by
Ruwenzori Limited ("Ruwenzori").

For further information, please contact:

Nikanor PLC                                                 +44 (0) 20 7529 5800
Jonathan Leslie, Executive Chairman
Peter Sydney-Smith, Finance Director
Richard Boorman, Head of Investor Relations

Citigate Dewe Rogerson                                      +44 (0)20 7638 9571
Kate Delahunty
George Cazenove

JPMorgan Cazenove                                           +44 (0)20 7588 2828
Joe Seifert


Notes to Editors

Nikanor is a mining group which owns assets in the heart of the African
copperbelt in the Democratic Republic of Congo.  The group's key mine is KOV,
containing one of the world's largest high quality copper and cobalt ore bodies.
Nikanor is rehabilitating this proven and well documented brownfield site and
building a major state of the art refining plant to produce 250,000 tonnes per
year of LME A-grade copper cathode and 27,500 tonnes per year of cobalt
products.

Nikanor was admitted to the London Stock Exchange (AIM) on 17 July 2006.




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