LONDON MINING - MANDATORY NOTIFICATION OF TRADE

On 21 March 2009, London Mining received a notification from Passport Global Master Fund SPC Ltd ("Passport Capital"), on behalf of Portfolio A - Global Strategy; Passport Special Opportunities Master Fund, LP, that Passport, on 20 March 2009 directly holds voting rights over 16,258,725 ordinary shares in London Mining, representing 14.87 percent of the voting rights.

In accordance with Chapter 5 of the UK FSA's Disclosure and Transparency Rules, shareholders are required to notify London Mining and the FSA of acquisitions or disposals or voting rights which reach, exceed or fall below 3% or any subsequent whole percentage within 2 trading days of the relevant change.

Please see the notification form enclosed.

For more information, please contact:

London Mining Plc
Thomas Credland, Head of Investor Relations                  +44 (0)20 7201 5000

Crux Kommunikasjon AS
Charlotte Knudsen                                                         +47 97 56 19 59

About London Mining
London Mining is incorporated and registered in the UK, and is developing mines to supply the global steel industry. In 2007, London Mining raised over USD 185 million to advance iron ore production from its projects, and listed on the Oslo Axess, a marketplace regulated by the Oslo Stock Exchange in October 2007. Following the sale of its Brazilian operations in August 2008 for more than USD 800 million, the Company has investments in iron ore projects and mines in China, Mexico, Saudi Arabia, Greenland and Sierra Leone, and coal projects and mines in South Africa and Colombia. London Mining is trading under the Reuters symbol LOND.OL and Bloomberg symbol LOND:NO.

Please also visit our website www.londonmining.co.uk for more information about London Mining and its operations.

Notification form TR1