Rights Issue withdrawn

Glencar Mining PLC
18 February 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 (Euro0.263)
DEALINGS COMMENCE NIL PAID *21-02-00
PROVISIONAL EX DATE *21-02-00 
RECORD DATE         *11-02-00
SPLITTING NIL PAID  *08-03-00 3.00 pm
ACCEPTANCE DATE     *10-03-00 3.00 pm
SPLITTING FULLY PAID *29-03-00 3.00 pm
RENUNCIATION        *31-03-00 3.00 pm
NOTES *The company has been Suspended and the Rights issue will not take place  
      at this time, as previously announced 27-01-00 (RNS No.5721F) at 17:24.