Polo Resources Limited ('Polo Resources' or 'the Company') - TR1 Notification

TORONTO, July 28 /CNW/ - The Company (AIM andTSX: POL) was notified on 26 July 2010 by Weiss Asset Management LP of 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

    Date of Transaction:                                      22 July 2010


    Situation previous to the triggering transaction:

    Number of Shares:                                         243,964,041

    Number of Voting Rights:                                  243,964,041


    Resulting situation after the triggering transaction:

    Number of Shares:                                         245,964,041

    Number of Voting Rights (Direct):                         245,964,041

    Number of Voting Rights (Indirect):                       n/a


    Percentage of Voting Rights (Direct):                     10.6%

    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]