TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Eurasian Natural Resources Corporation PLC

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

No

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached 

No

An event changing the breakdown of voting rights

Yes

Other (please specify):______________

3. Full name of person(s) subject to notification obligation:

Kazakhmys PLC

4. Full name of shareholder(s) (if different from 3):

Greenwood Nominees Limited

5. Date of transaction (and date on which the threshold is crossed or reached if different):

3 July 2009

6. Date on which issuer notified:

3 July 2009

7. Threshold(s) that is/are crossed or reached:

N/A

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use 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

Percentage of voting rights

Direct

Indirect

Direct

Indirect

GB00B29BCK10

334,824,860

334,824,860

334,824,860

Nil

334,824,860

Nil

26.00%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

N/A

Total (A+B)

Number of voting rights

Percentage of voting rights

334,824,860

26.00%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

Kazakhmys Eurasia B.V., an indirect wholly-owned subsidiary of Kazakhmys PLC and whose shares are held by Greenwood Nominees Limited acting as its nominee, is the beneficial owner of 334,824,860 ordinary shares

Proxy Voting:

10. Name of proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

This notification has been made by virtue of Kazakhmys PLC transferring 98,607,884 ordinary shares to Kazakhmys Eurasia B.V., an indirect wholly-owned subsidiary of Kazakhmys PLC. All ordinary shares beneficially owned by Kazakhmys PLC and Kazakhmys Eurasia B.V. are held by Greenwood Nominees Limited acting in their capacity as nominee.

14 Contact name:

Randal Barker, General Counsel & Company Secretary

15. Contact telephone number:

+44 (0)207 389 1440