RNS Number:4178Q
Monterrico Metals PLC
01 October 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1.         Name of company
           Monterrico Metals Plc

2.         Name of shareholder having a major interest
           RAB Capital

3.         Please state whether notification indicates that it is in respect of holding of the shareholder named in 2
           above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of
           that person's spouse or children under the age of 18.
           As in 2 above

4.         Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them
           Morstan Nominees Ltd

5.         Number of shares/amount of stock acquired
           450,000

6.         Percentage of issued class
           3.7%

7.         Number of shares/amount of stock disposed
           N/A

8.         Percentage of issued class
           N/A

9.         Class of security
           Ordinary shares

10.        Date of transaction
           Not disclosed

11.        Date company informed

           29th September 2003
12.        Total holding following this notification
           450,000

13.        Total percentage holding of issued class following this notification
           3.7%

14.        Any additional information


15.        Name of contact and telephone number for queries

           Christopher Eager 020 7448 5088

16.        Name and signature of authorised company official responsible for 
           making this notification.
           Christopher Eager, Managing Director



 Date of notification: 1st October 2003


                      This information is provided by RNS
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