M&G Investment Management Limited Announces Holdings in Anatolia Minerals Development Limited

LONDON, ENGLAND--(Marketwire - Jan. 26, 2011) - M&G Investment Management Limited ("MAGIM"), announced today that it has control or direction over 26,656,500 common shares of Anatolia Minerals Development Limited (the "Issuer") on behalf of various discretionary accounts that it manages. MAGIM has a securityholding percentage, calculated in accordance with National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues ("NI 62-103") of approximately 19.18%. MAGIM exercises voting control over 7,356,500 of these shares. The voting power over the remaining 19,300,000 shares has been retained by one of MAGIM's investment advisory clients.

Shares were purchased on the Toronto Stock Exchange between June 1, 2010 and October 29, 2010 at prices ranging from $4.7387 to $7.708416 per Share.

The securities of the Issuer were acquired by MAGIM for investment purposes. MAGIM expects to review from time to time its investment in the Issuer and may, depending on the market and other conditions: (i) acquire securities or related financial instruments of the Issuer in the open market, in privately negotiated transactions or otherwise, and/or (ii) dispose of all or a portion of the securities or related financial instruments of the Issuer over which it now or hereafter exercises, or may be deemed to exercise, control or direction, or owns.

MAGIM has been filing under Part 4 of NI 62-103. On this basis, reports were due to be filed disclosing as follows:

• as of 30 June 2010 held 18,876,200 shares representing a securityholding percentage of approximately 13.64%;
• as of 31 August 2010 held 22,562,400 shares representing a securityholding percentage of approximately 16.25%; and
• as of 30 September 2010 held 25,227,400 shares representing a securityholding percentage of approximately 18.17%.

As the above reports were not filed, Early Warning Reports were required as follows:

• 11 July 2010 held 18,876,200 shares representing a securityholding percentage of approximately 13.64%;
• 19 August 2010 held 21,848,200 shares representing a securityholding percentage of approximately 15.74%; and
• 14 September 2010 held 24,887,500 shares representing a securityholding percentage of approximately 17.93%.

The issuance of this news release is not an admission that any entity named herein owns or controls any described securities or is a joint actor with another named entity.

Additional information is provided in the early warning report filed on www.sedar.com by MAGIM