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Amara Mining PLC - TR-1: Notifications of Major Interests in Shares

LONDON, UNITED KINGDOM -- (Marketwired) -- 05/09/14 --


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1. Identity of the issuer or the underlying   Amara Mining PLC
issuer of existing shares to which voting
rights are attached:
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2. Reason for notification (yes/no)
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 An acquisition or disposal of voting rights                NO
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 An acquisition or disposal of financial
instruments which may result in the
acquisition of shares already issued to which
voting rights are attached                                  NO
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 An event changing the breakdown of voting
rights                                                      NO
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 Other (please specify):___________                         NO
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3. Full name of person(s) subject to          Ingalls & Snyder LLC ("I&S")
notification obligation:
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                                              I&S, on behalf of its clients,
4. Full name of shareholder(s) (if different  has dispositive authority over
from 3):                                      (i.e. the power and
                                              authorisation to sell at I&S's
                                              discretion) 8,851,740 shares.
                                              I&S holds additional shares in
                                              the Company as custodian on a
                                              non-discretionary basis.
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5. Date of transaction (and date on which the April 16, 2014
threshold is crossed or reached if
different):
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6. Date on which issuer notified:             May 8, 2014
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7. Threshold(s) that is/are crossed or        Interest in less than of 3% of
reached:                                      issued share capital.
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8: Notified Details
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A: Voting rights attached to shares
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Class/type of Situation      Resulting situation after the triggering
shares        previous to    transaction
If possible   the triggering
use ISIN code transaction
             ---------------------------------------------------------------
             Number of Number Number of Number of voting  Percentage of
             shares    of     shares    rights            voting rights
                       voting
                       rights
                                      --------------------------------------

                                      Direct     Indirect Direct    Indirect
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Ordinary     8,389,556 -    8,851,740 See note 4 -       2.69%      -
Shares                                above. I&S         (Note: For
ISIN                                  has                these
GB00B04M1L91                          dispositive        purposes we
                                      authority          have
                                      over               assumed
                                      8,851,740          that
                                      shares.            dispositive
                                                         authority
                                                         is
                                                         equivalent
                                                         to voting
                                                         rights).
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B: Financial Instruments   N/A
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Resulting situation after the triggering transaction
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Type of        Expiration     Exercise/      No. of voting   Percentage of
financial      date           conversion     rights that may voting rights
instrument                    period/date    be acquired (if
                                             the instrument
                                             exercised/conve
                                             rted)
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----------------------------------------------------------------------------
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Total (A+B)
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Number of voting rights                Percentage of voting rights
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8,851,740 (Note: For these purposes we 2.69% (Note: For these purposes we
have assumed that dispositive          have assumed that dispositive
authority is equivalent to voting      authority is equivalent to voting
rights.)                               rights).
----------------------------------------------------------------------------
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9. Chain of controlled undertakings through which the voting rights and /or
the financial instruments are effectively held, if applicable:
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N/A
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Proxy Voting:
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10. Name of proxy holder:                          N/A
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11. Number of voting rights proxy holder will      N/A
cease to hold:
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12. Date on which proxy holder will cease to hold  N/A
voting rights:
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13. Additional information:
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14 Contact name:                                   Frank Stolba
                                                   Managing Director
----------------------------------------------------------------------------


15. Contact telephone name:                        (001) (212) 269 7814
----------------------------------------------------------------------------

Frank Stolba
Managing Director
(001) (212) 269 7814

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