TR-1 Notification

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):______________

No

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

Alijan Ibragimov

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

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

17 November 2010

6. Date on which issuer notified:

18 November 2010

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

11%, 10% and 9%

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

150,836,250

150,836,250

113,836,250

8.83%

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

Total (A+B)

Number of voting rights

Percentage of voting rights

113,836,250

8.83

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:

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:

This transfer is part of an internal reorganisation of the principal's holdings and the shares have been transferred to a company that is wholly owned by Mr Ibragimov. The funds owned by this company are managed on a discretionary basis by a fund management vehicle which is owned and operated by, among others, certain members of Mr Ibragimov's family. Mr Ibragimov remains the benefical owner of the shares. His total beneficial holding in the company remains at 187,836,250.

14 Contact name:

Randal Barker

15. Contact telephone number:

0207 389 1440