Rights Issue

Glencar Mining PLC 27 January 2000 RIGHTS ISSUE SECURITY TITLE *Ord Shs MNEMONIC CODE *GCM SEDOL CODE *372-538 TERMS *7 New Ord Shs for every 15 Ord Shs held at 16p (Eur0.263) DEALINGS COMMENCE NIL PAID *21-02-00 PROVISIONAL EX DATE *21-02-00 RECORD DATE *11-02-00 SPLITTING NIL PAID *08-03-00 3.00pm ACCEPTANCE DATE *10-03-00 3.00pm SPLITTING FULLY PAID *29-03-00 3.00pm RENUNCIATION *31-03-00 3.00pm NOTES *