Polo Resources Limited ('Polo Resources' or 'the Company') - TR1 Notification

TORONTO, July 28 /CNW/ - The Company (AIM and TSX: POL) was notified on 26 July 2010 by Weiss Asset Management LP of the following interests in the ordinary share capital of Polo Resources (VGG6844A1075).

    Reason for notification - An acquisition or disposal of voting rights

    Full name of person(s) subject to the notification obligations - Weiss
    Asset Management LP

    Full name of shareholder if different - Brookdale International
                                            Partners LP,

                                            Brookdale Global Opportunity Fund

    Date of Transaction:                                      22 July 2010

    Situation previous to the triggering transaction:

    Number of Shares:                                         243,964,041

    Number of Voting Rights:                                  243,964,041

    Resulting situation after the triggering transaction:

    Number of Shares:                                         245,964,041

    Number of Voting Rights (Direct):                         245,964,041

    Number of Voting Rights (Indirect):                       n/a

    Percentage of Voting Rights (Direct):                     10.6%

    Percentage of Voting Rights (Indirect):                   n/a

SOURCE Polo Resources Limited

For further information: For further information: Polo Resources Limited, Neil Herbert, Executive Co-Chairman, Tel: +27 82 404 36 37; Canaccord Genuity Limited, Ryan Gaffney, Bhavesh Patel, Tel: +44 (0) 207 050 6500; Financial Dynamics, Ben Brewerton, Edward Westropp, Tel: +44 (0) 20 7831 3113

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Polo Resources Limited

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