Re: Holding in Company

Glencar Mining PLC
02 July 2004

Glencar Mining plc



02 July 2004



Re: Holding in Company





A letter from W.B. Nominees Limited to Glencar Mining plc dated 1st July 2004,
received by Glencar Mining plc on the 1st July 2004.



In accordance with provisions of Sections 67-79 of the Irish Companies Act 1990,
you are hereby notified that, as result of a number of recent purchases, W.B.
Nominees Limited is interested in 12,058,855 €0.031 ordinary shares in Glencar
Mining plc.  The relevant shares are registered in the name W.B. Nominees
Limited and are held on behalf of various clients of Walker Crips Stockbrokers
Limited.



R.A. Fitzgerald

Director

W.B. Nominees Limited










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