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 ("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):

Conversion of EUR 6,751,036 Convertible Notes due 2020 into 105,261,829

NWR A Ordinary Shares

X

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

Ashmore Investment Management Limited

Ashmore Investment Advisors Limited

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

Ashmore Emerging Markets Corporate High Yield Fund 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 Emerging Markets Distressed Debt Fund Limited

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

Ashmore SICAV in respect of Ashmore SICAV Emerging Markets Debt Fund

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

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

Ashmore SICAV in respect of Ashmore SICAV Emerging Markets Total Return Fund

City National Rochdale Fixed Income Opportunities Fund

Northrop Grumman Pension Master Trust

Eli Lilly & Company as named fiduciary of the Lilly Retirement Plan Master Trust

Ashmore Emerging Markets Debt Fund

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

5 August 2016

6. Date on which issuer notified:

5 August 2016

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

The aggregate percentage of voting rights held has decreased from 26.0% to 25.0% 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 ORD EUR0.0004

GB00B42CTW68

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

609,194,311

609,194,311

609,194,311

609,194,311

12.4%

Other shareholders managed by Ashmore Investment Management Limited

301,176,021

301,176,021

301,176,021

301,176,021

6.1%

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

194,705,120

194,705,120

194,705,120

194,705,120

4.0%

Other shareholders managed by Ashmore Investment Advisors Limited

123,434,611

123,434,611

123,434,611

123,434,611

2.5%

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 €6,3712,732 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

1,228,510,063

24.9%

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 SICAV Emerging Markets Debt Fund

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

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

· Ashmore SICAV in respect of Ashmore SICAV Emerging Markets Total Return Fund

· City National Rochdale Fixed Income Opportunities Fund

· Eli Lilly & Company as named fiduciary of the Lilly Retirement Plan Master Trust

· 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 Emerging Markets Distressed Debt Fund Limited

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

· Ashmore Emerging Markets 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 cease to hold:

N/A

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

N/A

13. Additional information:

The voting rights percentages listed in section 8 have been calculated on the basis of 4,924,745,390 A Ordinary Shares in issue, being, we understand, the enlarged total voting rights as at the date of the transaction following the conversion of EUR 6,751,036 Convertible Notes due 2020 into 105,261,829 A Ordinary Shares and other market conversions.

14. Contact name:

Charlotte Henderson

15. Contact telephone number:

+44 20 3077 6271