Titanium Resources Group
Significant Shareholders
17 December 2009: Titanium Resources Group (“TRG” or “the Company”) announces that following the placing of 151,200,000 new shares to raise US$25 million the Company has a total issued share capital of 385,864,075 shares.
The table below includes, in so far as the company is aware, the identity and percentage holdings of its significant shareholders:
| Shareholder | Number of ordinary shares | Percentage holding |
| Mr. Jean-Raymond Boulle | 114,981,497 | 29.80% |
| M&G Investment Management Limited | 57,875,000 | 14.99% |
| JPMorgan Asset Management Limited | 34,700,276 | 8.99% |
| Leopard Titanium Limited* | 31,459,856 | 8.15% |
| Octopus Investments | 12,000,000 | 3.11% |
*A company wholly owned by Mr Jean-Raymond Boulle
ENDS
For further information:
Titanium Resources Limited
John Sisay, Chief Executive
Walter Kansteiner, Non-executive Chairman
Tel: +44 (0) 207 321 0000
Arbuthnot Securities
Nominated Adviser & Broker
John Prior
Tel: +44 (0) 20 7012 2000
Aura Financial
Michael Oke / Andy Mills
Tel: +44 (0) 207 321 0000
Titanium Resources Group
Titanium Resources Group operates the Sierra Rutile mine in the Republic of Sierra Leone, through its subsidiary Sierra Rutile Limited. The Group is the country's largest private sector employer and produces rutile and ilmenite for use in industrial applications. The Group’s operations historically accounted for over 65 per cent of the exports of Sierra Leone.
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