Oxus received notification on 15th March 2005 pursuant to the provisions of the Companies Act 1985 that Wellington Management Company have reduced their shareholding to 13,494,656 ordinary shares representing 4.7% 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 7444 4155