Notification of Interest

Glencar Mining PLC
17 September 2004



                Glencar Mining Plc ('Glencar' or 'the Company')



Notification of Interest





In compliance with 4.12 of the Rules of the Exploration Securities Market of the
Irish Stock Exchange, Glencar advises that it received notification yesterday,
16 September, 2004, that Vantage Derivatives Limited is interested in 6,000,000
Ordinary Shares in Glencar. Based on the issued share capital of the Company of
173,404,467 Ordinary Shares, this holding represents 3.46%.





17 September, 2004



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