Holding(s) in Company

For filings with the FSA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

OPHIR ENERGY PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

X

An event changing the breakdown of voting rights

Other (please specify):

Transfer of investment management responsibility (see section 13)

X

3. Full name of person(s) subject to thenotification obligation: iii

OZ Management LP and

Och-Ziff Management Europe Ltd.

4. Full name of shareholder(s)  (if different from 3.):iv

Vidacos Nominees Ltd

SNC Nominees

The Bank of New York (Nominees) Ltd

Euroclear Nominees Limited

Darter Holdings Limited

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

28 & 30 March 2012

6. Date on which issuer notified:

30 March 2012

7. Threshold(s) that is/are crossed orreached: vi, vii

10%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Common stock GB00B24CT194

37,264,436

37,264,436

35,898,161

9.81%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Swap in GB00B24CT194

501,105

Nominal

Delta

0.14%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

36,399,266

9.95%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

OZ Management LP acts as investment manager for certain investment funds and those funds beneficially own the instruments that are the subject of this notification. Och-Ziff Management Europe Limited is a subsidiary undertaking of OZ Management LP and acts as a sub-advisor to OZ Management LP.

On 30 March 2012, responsibility for managing the assets of African Global Capital II, L.P. (including certain shares in the issuer named in section 1 of this notification form held by it (the "Shares")) was transferred (by the novation of the relevant investment management agreement) from Africa Management Limited to OZ Management LP and its sub-adviser Och-Ziff Management Europe Limited. Under DTR 5.2.1R(h), this has resulted in OZ Management LP and Och-Ziff Management Europe Ltd. becoming "indirect" shareholders in relation to the Shares with effect from 30 March 2012.

14. Contact name:

Andrew Frank

15. Contact telephone number:

020 7758 4433