TR-1: Notifications of Major Interests in Shares

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:

Amara Mining PLC

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

NO

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:

Ingalls & Snyder LLC ("I&S")

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

I&S, on behalf of its clients, has dispositive authority over (i.e. the power and authorisation to sell at I&S's discretion) 8,851,740 shares. I&S holds additional shares in the Company as custodian on a non-discretionary basis.

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

April 16, 2014

6. Date on which issuer notified:

May 8, 2014

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

Interest in less than of 3% of issued share capital.

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

Ordinary Shares ISIN GB00B04M1L91

8,389,556

-

8,851,740

See note 4 above. I&S has dispositive authority over 8,851,740 shares.

-

2.69% (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights).

-

B: Financial Instruments N/A

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

8,851,740 (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights.)

2.69% (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights).

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

N/A

Proxy Voting:

10. Name of 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:

14 Contact name:

Frank Stolba

Managing Director

15. Contact telephone name:

(001) (212) 269 7814