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

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

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

African Global Capital Holdings, Ltd. and

Africa Management Limited

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

Darter Holdings Limited

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

30 March 2012

6. Date on which issuer notified:

30 March 2012

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

5%, 4%, 3%

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

18,510,000

5.06%

Less than 3%

Less than 3%

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

Less than 3%

Less than 3%

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

African Global Capital Holdings, Ltd. is the parent undertaking of Africa Management Limited

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:

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.

14. Contact name:

Malan Erasmus

15. Contact telephone number:

0207 594 4002