Amara Mining plc - TR-1: Notification of Major Interest in Shares

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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
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1. Identity of the issuer or the underlying issuer of  Amara Mining PLC
 existing shares to which voting rights are attached:
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2. Reason for the notification (yes/no):
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An acquisition or disposal of voting rights            Yes
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An acquisition or disposal of qualifying financial     No
 instruments which may result in the acquisition of
 shares already issued to which voting rights are
 attached
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An event changing the breakdown of voting rights       No
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Other (please specify):                                No
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3. Full name of person(s) subject to the notification  Sprott Asset
 obligation:                                           Management LP
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4. Full name of shareholder(s) (if different from 3.): Refer to Section 9.
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5. Date of the transaction (and date on which the      January 28, 2013
 threshold is crossed or reached if different):
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6. Date on which issuer notified:                      January 29, 2013
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7. Threshold(s) that is/are crossed or reached:        Below 3%
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8. Notified details:
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A: Voting rights attached to shares
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Class /  Situation previous   Resulting situation after the triggering
 type of to the triggering    transaction
 shares  transaction
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if       Number    Number     Number     Number of voting  Percentage of
possible of        of         of shares  rights            voting rights
using    Shares    Voting
the ISIN           Rights
CODE                                     -----------------------------------
                                         Direct  Indirect  Direct Indirect
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Ordinary 5,499,000 5,499,000  4,929,000          2.9%             2.9%
 Shares


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B: Financial Instruments
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Resulting situation after the triggering transaction
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Type of financial  Expiration  Exercise /       Number of voting  Percentage
 instrument        date        Conversion       rights that may   of voting
                               Period /date     be acquired       rights
                                                (if the
                                                instrument is
                                                exercised/
                                                converted)
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N/A
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Total (A+B)
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Number of voting rights                  Percentage of voting rights
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4,929,000                                2.9%
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9. Chain of controlled undertakings through which the voting rights and/or
 the financial instruments are effectively held, if applicable:
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Sprott Asset Management LP is the portfolio manager acting on behalf of the
 Sprott Canadian Equity Fund, Sprott Bull/Bear RSP Fund, Sprott Hedge Fund
 L.P., Sprott Hedge Fund L.P. II, Sprott Master Fund, Ltd., Sprott Master
 Fund II, Ltd., and certain Sprott Managed Accounts.
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Proxy Voting:
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10. Name of the proxy         N/A
 holder:
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11. Number of voting rights   N/A
 proxy holder will cease to
 hold:
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12. Date on which proxy       N/A
 holder will cease to hold
 voting rights:
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13. Additional information:
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14. Contact name:             Maggie Tang
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15. Contact telephone
 number:
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