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

TORONTO, Aug. 24 /CNW/ - The Company (AIM andTSX: POL) was notified on 23 August 2010 by Weiss Asset Management LP that as of August, 23, 2010 Brookdale Global Opportunity Fund and Brookdale International Partners, LP had the following interests in the ordinary share capital of Polo Resources (VGG6844A1075).

    
    Reason for notification - An acquisition or disposal of voting rights

    Full name of person(s) subject to the notification obligations -
    Weiss Asset Management LP

    Full name of shareholder if
     different -  Brookdale International Partners LP,

                  Brookdale Global Opportunity Fund

    Situation previous to the triggering transaction:

    Number of Shares:                                         241,814,041

    Number of Voting Rights:                                  241,814,041

    Resulting situation after the triggering transaction:

    Number of Shares:                                         238,214,041

    Number of Voting Rights (Direct):                         238,214,041

    Number of Voting Rights (Indirect):                               n/a

    Percentage of Voting Rights (Direct):                           9.79%

    Percentage of Voting Rights (Indirect):                           n/a
    

For further information: Polo Resources Limited, Neil Herbert, Executive Co-Chairman, Tel: [phone]; Canaccord Genuity Limited, Ryan Gaffney, Bhavesh Patel, Tel: [phone]; Financial Dynamics, Ben Brewerton, Edward Westropp, Tel: [phone]