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 SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

OPHIR ENERGY

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

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation:

KULCZYK INVESTMENTS S.A.

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

 HYDROCARBON INVESTMENTS LIMITED

OIL & GAS EXPLORATION LIMITED

(SEE BOX 13)

5. Date of the transaction and date on which the threshold is crossed or reached:

20 SEPTEMBER 2011

6. Date on which issuer notified:

 20 SEPTEMBER 2011

7. Threshold(s) that is/are crossed or reached:

 OVER 11%

8. Notified details:

A: Voting rights attached to shares

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

Direct

Direct

Indirect

Direct

Indirect

GB00B24CT194

34,086,660

 34,086,660

 6,250,000

 6,250,000

 32,533,833

 1.91%

 9.96%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/ConversionPeriod

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

% of votingrights

 N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exerciseprice

Expirationdate

Exercise/Conversionperiod

Number of votingrights instrumentrefers to

% of voting rights

 N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

 38,783,333

11.88%

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

KULCZYK INVESTMENTS S.A

HYDROCARBON INVESTMENTS LIMITED (697,173 SHARES - 0.21%)

OIL & GAS EXPLORATION LIMITED (31,836,660 - 9.75%)

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

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

N/A

13. Additional information:

 PART OF THE OIL & GAS EXPLORATION LTD AND HYDROCARBON INVESTMENTS LTD

SHAREHOLDINGS ARE IN THE PROCESS OF BEING TRANSFERRED TO A CREST NOMINEE

14. Contact name:

JUSTIN VAN SPALL

15. Contact telephone number:

+44 (0)203 205 2210