Holding(s) in Company

Condor Gold plc

7th Floor

39 St. James's Street London

SW1A 1JD

Telephone +44 020 74081067 Fax: +44 020 74938633

Condor Gold plc

Mark Child, Executive Chairman and CEO

+44 (0) 20 7493 2784

Beaumont Cornish Limited

Numis Securities Limited

 Roland Cornish and James Biddle

+44 (0) 20 7628 3396

John Prior and James Black+44 (0) 20 72601000

Farm Street Media

Simon Robinson

+44 (0) 7593 340107

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

Condor Gold plc

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

An acquisition or disposal of voting rights

N/A

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

N/A

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

N/A

An event changing the breakdown of voting rights

N/A

Other (please specify):

Involuntary dilution

Yes

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

Regent Pacific Group Limited

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

Regent Pacific Group Limited

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

The holding of Regent Pacific Group Limited in CNR was diluted upon the issue and allotment of new shares by CNR on 19 September 2016 pursuant to the conversion of warrants.

6. Date on which issuer notified:

19 September 2016

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

8%

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

Ordinary shares

3,977,274

3,977,274

3,977,274

3,977,274

Nil

7.517%

Nil

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

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

3,977,274

7.517%

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:

N/A

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

N/A

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

N/A

13. Additional information:

N/A

14. Contact name:

Stella Fung

15. Contact telephone number:

+852 2514 6111