Holding(s) in Company

Holding(s) in Company

ECR Minerals plc

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii						ECR MINERALS PLC (ISIN: GB00B0P4LQ95)
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):		Redemption of convertible loan notes and issue of ordinary shares, ordinary shares in lieu of interest and ordinary share purchase warrants pursuant thereto						X
3. Full name of person(s) subject to the notification obligation: iii				CITY NATURAL RESOURCES HIGH YIELD TRUST PLC
4. Full name of shareholder(s) (if different from 3.):iv				AS ABOVE
5. Date of the transaction and date on which the threshold is crossed or reached: v				11th September 2013
6. Date on which issuer notified:				13th September 2013
7. Threshold(s) that is/are crossed or reached: vi, vii				3-21%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary Shares GB00B0P4LQ95

0

0

316,109,590

316,109,590

10.96%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Warrants

GBP0.002

05/08/18

07/09/13 to 18/09/13

299,561,331

Nominal

Delta

10.39%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

615,670,921

21.36%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
N/A
Proxy Voting:
10. Name of the proxy holder:				N/A
11. Number of voting rights proxy holder will cease to hold:				N/A
12. Date on which proxy holder will cease to hold voting rights:				N/A
13. Additional information:		Compliance Manager, CQS
14. Contact name:		Colin Woods
15. Contact telephone number:		0207 201 6900