Polo Resources Limited ("Polo" or "the Company") - Holdings in Company

TORONTO, July 15 /CNW/ - Polo Resources Limited (AIM andTSX: POL) was notified on 13 July 2010 by Weiss Asset Management LP ("Weiss") that Brookdale Global Opportunity Fund and Brookdale International Partners, LP have an interest in Polo comprising (1) voting rights attached to shares in the capital of the Company ("Ordinary Shares") and (2) instruments with similar economic effect to qualifying financial instruments. These interests are as follows:

    
                        Brookdale International         Brookdale Global
                              Partners, LP              Opportunity Fund
    -------------------------------------------------------------------------
    Shares Held         69,718,489 Shares (3.0%)     29,879,352 Shares (1.3%)
    CFD's               62,300,000 Shares (2.7%)     26,700,000 Shares (1.2%)
    Total              132,018,489 Shares (5.7%)     56,579,352 Shares (2.5%)
    

Weiss are investment managers to Brookdale Global Opportunity Fund and Brookdale International Partners, LP and accordingly, Brookdale Global Opportunity Fund and Brookdale International Partners, LP are interested in an aggregate of 99,597,841 Ordinary Shares representing 4.3 per cent. of Polo's issued share capital.

For further information: Polo Resources Limited, Neil Herbert, Executive Co-Chairman, + 27 82 404 36 37; Canaccord Genuity Limited, Ryan Gaffney, Bhavesh Patel, + 44 (0) 20 7050 6500; Toronto, James McVicar, Heenan Blaikie LLP, [phone]; Financial Dynamics, Ben Brewerton, Ed Westropp, + 44 (0) 20 7831 3113