Oxus Gold plc ("Oxus" or "the Company") has been notified pursuant to the provisions of the Companies Act 1985 in a letter dated 4 October 2005 that RAB Capital plc, acting as investment manager, has decreased its shareholding by 7,474,000 and now hold 52,671,059 ordinary shares representing 18.31 per cent of the ordinary issued share capital of the Company. RAB Capital does not act as custodian for its clients and therefore the shares are held in the nominee name of the custodian of our clients, which is CSFB Nominees Ltd and Morgan Stanley & Co International Ltd.

Oxus was also notified pursuant to the provisions of the Companies Act 1985 in a letter dated 5 October 2005 that Fidelity International Ltd and its direct and indirect subsidiaries, being non-beneficial holders, have increased its shareholding by 8,613,052 and now hold 37,314,786 ordinary shares representing 12.97 per cent of the ordinary issued share capital of the Company.

Contacts:

Oxus Gold plc
Richard Wilkins, Company Secretary
Tel: + 44 (0)20 7907 2000

Bankside Consultants Ltd
Keith Irons
Tel: + 44 (0)20 7367 8873