MMS.L Regulatory News (MMS)

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

MAGHREB MINERALS PLC

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached 

No

An event changing the breakdown of voting rights

No

Other (please specify):______________

3. Full name of person(s) subject to notification obligation:

James Passin, in his capacity as member of FG2 Advisors, LLC.

4. Full name of shareholder(s) (if different from 3):

Firebird Global Master Fund II, Ltd.

5. Date of transaction (and date on which the threshold is crossed or reached if different):

27 May 2008

6. Date on which issuer notified:

27 May 2008

7. Threshold(s) that is/are crossed or reached:

5.0%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Number of shares

Number of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

Ordinary 

ISIN Number

GB00B046T172 

Nil

Nil

5,310,000

Nil 

5,310,000

Nil

5.8%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

Total (A+B)

Number of voting rights

Percentage of voting rights

5,310,000

5.8%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

The voting rights associated with the shares described in Question 8 are held directly by Firebird Global Master Fund II, Ltd., which holds the voting rights associated with 5,310,000 ordinary shares of the issuer, representing approximately 5.8% of the total voting rights of the issuer. FG2 Advisors, LLC serves as the investment manager of Firebird Global Master Fund II, Ltd., and is controlled by James Passin, who controls the exercise of these voting rights.

Proxy Voting:

10. Name of proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14 Contact name:

15. Contact telephone name: