Holding(s) in Company

TR-1: Notifications of Major Interests in Shares

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

Eurasian Natural Resources Corporation PLC

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

Yes

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

No

An event changing the breakdown of voting rights

No

Other (please specify):______________

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

Alijan Ibragimov

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

Alijan Ibragimov

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

9 July 2009

6. Date on which issuer notified:

10 July 2009

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

13% and 12%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Number of shares

Number of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

GB00B29BCK10

167,836,250

167,836,250

150,836,250

150,836,250

Nil

11.71%

Nil

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

N/A

Total (A+B)

Number of voting rights

Percentage of voting rights

150,836,250

11.71%

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

Proxy Voting:

10. Name of proxy holder:

N/A

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

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

13. Additional information:

The shares that are the subject of the disposals described in this TR-1 were transferred by Mr Alijan Ibragimov to a transferee company wholly owned by Mr Alijan Ibragimov. The assets owned by the transferee company are managed on a discretionary basis by a fund management vehicle owned and operated by, among others, certain members of Mr Ibragimov's family. As such, the transfer is part of an internal reorganisation of Mr Ibragimov's holdings.

14 Contact name:

Randal Barker, General Counsel & Company Secretary

15. Contact telephone number:

+44 (0)207 389 1440