NOTIFICATION OF MAJOR INTEREST IN SHARES

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

New World Resources Plc ("NWR")

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):

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

Ashmore Investment Management LimitedAshmore Investment Advisors Limited

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

ARIA Co Pty Ltd, as trustee for the ARIA Alternative Assets Trust

Ashmore Emerging Markets Corporate High Yield Fund Limited

Ashmore Funds, a Massachussetts Business Trust, on behalf of Ashmore Emerging Markets Corporate Debt Fund

Ashmore SICAV in respect of Ashmore Emerging Markets High Yield Corporate Debt Fund

Ashmore SICAV in respect of Ashmore SICAV Emerging Markets Corporate Debt Fund

City National Rochdale Fixed Income Opportunities Fund

Northrop Grumman Pension Master Trust

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

9 March 2016

6. Date on which issuer notified:

18 March 2016

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

The percentage of voting rights held has increased from 11.6% to 23.4% and therefore a threshold of more than 1% has been crossed (see 13. Additional information below).

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

Ashmore SICAV in respect of Ashmore SICAV Emerging Markets Corporate Debt Fund (managed by Ashmore Investment Management Limited)

438975981

438975981

438975981

438975981

13.3%

Other shareholders managed by Ashmore Investment Management Limited

161714850

161714850

161714850

161714850

4.9%

Ashmore Emerging Markets Corporate High Yield Fund Limited (managed by Ashmore Investment Advisors Limited)

132843127

132843127

132843127

132843127

4.0%

Shareholders managed by Ashmore Investment Advisors Limited

36580138

36580138

36580138

36580138

1.1%

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

Various funds and accounts managed or advised by Ashmore Investment Management Limited and Ashmore Investment Advisors Limited (the "Ashmore Funds") hold €36,239,854 in aggregate principal amount of the €150,000,000 4.00 per cent./8.00 per cent. Mandatory Convertible Notes due 2020 (the "Notes") issued by New World Resources N.V. (the "Issuer"). The Notes convert into new or existing ordinary shares in NWR ("Parent Ordinary Shares"). As the Issuer, rather than the Ashmore Funds, has the sole right to determine whether to deliver new or existing Parent Ordinary Shares on conversion of Notes, details of the number of Parent Ordinary Shares underlying the Notes held by the Ashmore Funds are not included in this notice.

Total (A+B+C)

Number of voting rights

Percentage of voting rights

770,114,096

23.4%

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

Ashmore Investment Management Limited acts as investment manager with full investment discretion and effective voting control of the following entities, which hold A Ordinary Shares in the issuer:

· Aria Co Pty Ltd as trustee for Aria Alternative Assets Trust

· Ashmore SICAV in respect of Ashmore Emerging Markets High Yield Corporate Debt Fund

· Ashmore SICAV in respect of Ashmore SICAV Emerging Markets Corporate Debt Fund

· City National Rochdale Fixed Income Opportunities Fund

· Northrop Grumman Pension Master Trust

Ashmore Investment Advisors Limited acts as investment manager with full investment discretion and effective voting control of the following entities, which hold A Ordinary Shares in the issuer:

· Ashmore Emerging Markets Corporate High Yield Fund Limited

· Ashmore Funds, a Massachussetts Business Trust, on behalf of Ashmore Emerging Markets Corporate Debt Fund

Aside from the holdings of A Ordinary Shares by Ashmore SICAV in respect of Ashmore SICAV Emerging Markets Corporate Debt Fund and Ashmore Emerging Markets Corporate High Yield Fund Limited, none of these funds holds, individually, 3% or more of the voting rights of the issuer through their holding of A Ordinary Shares.

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 9 March 2016, CERCL Mining Holdings B.V. and its affiliates transferred all of their shares in NWR to NWR for zero consideration. The transferred shares will not be voted whilst held by NWR so as a result, we understand that the total number of A share voting rights is reduced to 3,299,566,910.

14. Contact name:

Charlotte Henderson

15. Contact telephone number:

+44 20 3077 6271