Rights Issue

Glencar Mining PLC
27 January 2000

RIGHTS ISSUE
SECURITY TITLE
*Ord Shs
MNEMONIC CODE       *GCM
SEDOL CODE          *372-538
TERMS               *7 New Ord Shs for every 15 Ord Shs held at 16p (Eur0.263) 
DEALINGS COMMENCE NIL PAID *21-02-00
PROVISIONAL EX DATE *21-02-00
RECORD DATE         *11-02-00
SPLITTING NIL PAID  *08-03-00 3.00pm
ACCEPTANCE DATE     *10-03-00 3.00pm
SPLITTING FULLY PAID *29-03-00 3.00pm
RENUNCIATION         *31-03-00 3.00pm
NOTES *