GCM Resources PLC - Holding(s) in Company



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESⁱ


1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ⁱⁱ		GCM RESOURCES PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights			X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: ⁱⁱⁱ	CHRISTIAN LEONE; LUXOR MANAGEMENT, LLC; LUXOR CAPITAL GROUP, LP; AND LCG HOLDINGS, LLC
4. Full name of shareholder(s) (if different from 3.):^iv	LUXOR CAPITAL PARTNERS, LP, LUXOR CAPITAL PARTNERS OFFSHORE MASTER FUND, LP AND LUXOR CAPITAL PARTNERS OFFSHORE, LTD.
5. Date of the transaction and date on which the threshold is crossed or reached: ^v	11 FEBRUARY 2010
6. Date on which issuer notified:	12 FEBRURARY 2010
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	16% IN RESPECT OF EACH OF CHRISTIAN LEONE, LUXOR MANAGEMENT, LLC, AND LUXOR CAPITAL GROUP, LP; 14% IN RESPECT OF LCG HOLDINGS, LLC

8. Notified details:
A: Voting rights attached to shares ^{viii, ix}
Class/type of shares if possible using the 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		% of voting rights ^x
			Direct	Direct ^xi	Indirect ^xii	Direct	Indirect
CHRISTIAN LEONE	5,399,306	5,399,306	5,474,306		5,474,306		10.73%
COMMON STOCK GB00B00KV284
LUXOR MANAGEMENT LLC	5,399,306	5,399,306	5,474,306		5,474,306		10.73%
COMMON STOCK GB00B00KV284
LUXOR CAPITAL GROUP, LP	5,399,306	5,399,306	5,474,306		5,474,306		10.73%
COMMON STOCK GB00B00KV284
LCG HOLDINGS, LLC	5,288,452	5,288,452	5,363,452		5,363,452		10.51%
COMMON STOCK GB00B00KV284


B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument		Expiration date ^xiii		Exercise/ Conversion Period ^xiv			Number of voting rights that may be acquired if the instrument is exercised/ converted.		% of voting rights


C: Financial Instruments with similar economic effect to Qualifying Financial Instruments ^{xv, xvi}
Resulting situation after the triggering transaction
Type of financial instrument	Exercise price		Expiration date ^xvii		Exercise/ Conversion period ^xviii	Number of voting rights instrument refers to		% of voting rights ^{xix, xx}
CHRISTIAN LEONE: TOTAL RETURN SWAP ON COMMON STOCK	Market Price		28 SEPT 2010		N/A	700,000		Nominal		Delta
								1.37%
LUXOR MANAGEMENT, LLC: TOTAL RETURN SWAP ON COMMON STOCK	Market Price		28 SEPT 2010		N/A	700,000		Nominal		Delta
								1.37%
LUXOR CAPITAL GROUP, LP: TOTAL RETURN SWAP ON COMMON STOCK	Market Price		28 SEPT 2010		N/A	700,000		Nominal		Delta
								1.37%
LCG HOLDINGS, LLC: TOTAL RETURN SWAP ON COMMON STOCK	Market Price		28 SEPT 2010		N/A	213,789		Nominal		Delta
								0.42%
CHRISTIAN LEONE: TOTAL RETURN SWAP ON COMMON STOCK	Market Price		7 APRIL 2014		N/A	1,000,000		Nominal		Delta
								1.96%
LUXOR MANAGEMENT, LLC: TOTAL RETURN SWAP ON COMMON STOCK	Market Price		7 APRIL 2014		N/A	1,000,000		Nominal		Delta
								1.96%
LUXOR CAPITAL GROUP, LP: TOTAL RETURN SWAP ON COMMON STOCK	Market Price		7 APRIL 2014		N/A	1,000,000		Nominal		Delta
								1.96%
LCG HOLDINGS, LLC: TOTAL RETURN SWAP ON COMMON STOCK	Market Price		7 APRIL 2014		N/A	1,000,000		Nominal		Delta
								1.96%
CHRISTIAN LEONE: TOTAL RETURN SWAP ON COMMON STOCK	Market Price		28 APRIL 2010		N/A	1,000,000		Nominal		Delta
								1.96%

LUXOR MANAGEMENT, LLC: TOTAL RETURN SWAP ON COMMON STOCK	Market Price	28 APRIL 2010	N/A	1,000,000	Nominal	Delta
					1.96%
LUXOR CAPITAL GROUP, LP: TOTAL RETURN SWAP ON COMMON STOCK	Market Price	28 APRIL 2010	N/A	1,000,000	Nominal	Delta
					1.96%
LCG HOLDINGS, LLC: TOTAL RETURN SWAP ON COMMON STOCK	Market Price	28 APRIL 2010	N/A	1,000,000	Nominal	Delta
					1.96%

Total (A+B+C)
Number of voting rights				Percentage of voting rights
IN RESPECT OF EACH OF CHRISTIAN LEONE, LUXOR MANAGEMENT, LLC AND LUXOR CAPITAL GROUP, LP				16.02%
IN RESPECT OF LCG HOLDINGS, LLC				14.85%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: ^xxi
The Shares in which Christian Leone is interested are managed by the following entities each of which is controlled by Christian Leone. Luxor Management, LLC; Luxor Capital Group, LP; and LCG Holdings, LLC.

Proxy Voting:
10. Name of the 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:	Richard Brimelow
15. Contact telephone number:	+44 207 290 1630