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Glencar Mining (GCM)

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Friday 17 September, 2004

Glencar Mining

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

      This announcement has been issued through the Companies Announcement

                      Service of the Irish Stock Exchange.

                      This information is provided by RNS
            The company news service from the London Stock Exchange