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):

Admission of the issuer to listing

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

Credit Suisse Client Nominees (UK) Ltd

Chetwynd Nominees

OZ Europe Master Fund, Ltd

OZ Master Fund, Ltd

OZ Global Special Investments Master Fund, L.P.

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

13 July 2011

6. Date on which issuer notified:

14 July 2011

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

5%, 10%, 11%, 12%, 13%

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

N/A

N/A

42,046,436

13.16%

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

Warrants

697,173

Nominal

Delta

0.22%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

42,743,609

13.38%

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 and OZ Management II LP act 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 and OZ Management II LP. The investment fund in respect of which OZ Management II LP acts as investment manager does not hold a position in the issuer which exceeds a disclosure threshold.

14. Contact name:

Andrew Frank

15. Contact telephone number:

0207 758 4433