RNS Number:4267L
BlackRock Group
09 January 2008

                                                                        FORM 8.3



    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE

              (Rule 8.3 of the City Code on Takeovers and Mergers)



1.         KEY INFORMATION


Name of person dealing  (Note 1)          BlackRock Group
Company dealt in                          Subsea Resources Plc
Class of relevant security to which the   Warrants valid between 5/11/2005 - 5/11/2010
dealings being disclosed relate (Note 2)
Date of dealing                           8th January 2008



2.         INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE


(a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)


                                                                      Long                  Short
                                                                      Number       (%)      Number     (%)
(1) Relevant securities                                                    0        0.00%
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
Total                                                                      0        0.00%


(b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)


 Class of relevant security:  ORDINARY SHARES                          Long             Short
                                                                       Number    (%)    Number    (%)
(1) Relevant securities                                                    0     0.00%
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
Total                                                                      0     0.00%



(c)        Rights to subscribe (Note 3)


Class of relevant security:                  Details






3.         DEALINGS (Note 4)

 (a)       Purchases and sales


Purchase/sale         Number of securities                            Price per unit (Note 5)


Sale                  299,419                                         GBP 0.0005





(b)        Derivatives transactions (other than options)


Product name, e.g.  Long/short (Note 6)     Number of securities (Note 7)    Price per unit (Note 5)
CFD









(c)        Options transactions in respect of existing securities

(i)         Writing, selling, purchasing or varying


Product name ,e.g.  Writing,         Number of           Exercise  Type, e.g.    Expiry    Option money
call option         selling,         securities to which price     American,     date      paid/received
                    purchasing,      the option relates            European etc.           per unit (Note
                    varying etc.     (Note 7)                                              5)






 (ii)       Exercising


Product name, e.g. call option       Number of securities                Exercise price per unit (Note 5)






(d)        Other dealings (including new securities) (Note 4)


Nature of transaction (Note 8)       Details                             Price per unit (if applicable) (Note
                                                                         5)






4.         OTHER INFORMATION



Agreements, arrangements or understandings relating to options or derivatives



Full details of any agreement, arrangement or understanding between the person
disclosing and any other person relating to the voting rights of any relevant
securities under any option referred to on this form or relating to the voting
rights or future acquisition or disposal of any relevant securities to which any
derivative referred to on this form is referenced.  If none, this should be
stated.



None...........................................................................
...



..............................................................................



Is a Supplemental Form 8 attached? (Note 9)
            NO




Date of disclosure                                          9th January 2008
Contact name                                                Thomas Hone
Telephone number                                            020 7743 2098
If a connected EFM, name of offeree / offeror with which    N/A
connected
If a connected EFM, state nature of connection (Note 10)    N/A



Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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