Holding(s) in Company

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

Northcote Energy Limited

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):

Change in share capital of Polemos Plc

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

RUSSELL PARSONS

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

Not different

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

7th July 2016

6. Date on which issuer notified:

7th July 2016

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

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

ORD NPV

243,000,000

243,000,000

303,000,000

303,000,000

3.56%

VGG6829M1005

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

303,000,000

3.56%

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

[email protected]

66 Branksome Hill Road

Talbot Woods

Bournemouth

BH49LG

UK

14. Contact name:

RUSSELL PARSONS

15. Contact telephone number:

020 7818 6691

Randy Connally

Northcote Energy Ltd

+1 214 550 5082

Ross Warner

Northcote Energy Ltd

+44 7760 487 769

Charlie Wood

Northcote Energy Ltd

+44 7971 444 326

Roland Cornish

Beaumont Cornish Ltd

+44 20 7628 3396

James Biddle

Beaumont Cornish Ltd

+44 20 7628 3396

Elliot Hance

Beaufort Securities Ltd

+44 20 7382 8300

Nick Bealer

Cornhill Capital Limited

+44 20 7710 9612

Elisabeth Cowell

St Brides Partners Limited

+44 20 7236 1177