TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

ECR Minerals plc

For filings with the FSA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESⁱ

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								X
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):
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				12th SEPTEMBER 2014
6. Date on which issuer notified:				15th SEPTEMBER 2014
7. Threshold(s) that is/are crossed or reached: vi, vii				9%

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

300,109,590

9.20%

292,109,590

292,109,590

8.96%

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

Total (A+B+C)

Number of voting rights

Percentage of voting rights

292,109,590

8.96%

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 Asset Management Limited
14. Contact name:		Colin Woods
15. Contact telephone number:		0207 201 6900