NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

New World Resources 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

X

Other (please specify):

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

Gramercy Funds Management LLC

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

Citigroup Global Markets Inc

BNY Mellon Asset Servicing‎

State Street Bank

JPMorgan ‎Chase

Northern Trust Bank

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

09 March 2016

6. Date on which issuer notified:

21 March 2016

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

18%

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

A Ordinary Shares

622,348,564

622,348,564

622,348,564

622,348,564

18.9%

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

622,348,564

18.9%

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

Gramercy Funds Management LLC as investment manager for and on behalf of various investment funds and accounts. The ultimate controller of Gramercy Funds Management LLC is David Britts.

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will ceaseto hold:

N/A

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

N/A

13. Additional information:

On 09 March 2016, the majority shareholder (CERCL Mining Holdings B.V.) and its affiliates transferred their shares in NWR Plc to NWR Plc, which resulted in a reduction of the total number of voting rights.

Thus, whilst the number of voting rights held by Citigroup Global Markets Inc, BNY Mellon Asset Servicing‎, State Street Bank, JPMorgan ‎Chase and Northern Trust Bank remains the same, the percentage holding has increased.

14. Contact name:

Robert Lanava

15. Contact telephone number:

+1-203-552-1902