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

Frontier Resources International

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 Financial Investment Company Limited, acting as Investment Manager and Authorised Corporate Director of the Absolute Equity Fund

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

BNY Mellon Trust and Depositary as Trustee to the Absolute Equity Fund

5. Date of the transaction and date on
which the threshold is crossed or
reached: v

24th October 2014

6. Date on which issuer notified:

27th October 2014

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

(below) 5%

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

GB00B3K9ML24

11,274,359

11,274,359

6,274,359

6,274,359

4.18%

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

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

6,274,359

4.18%

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:

14. Contact name:

Chris Sturdee

15. Contact telephone number:

020 7451 9600

Frontier Resources International Plc

Jack Keyes, Chief Executive Officer

Tel: +1 (281) 920 0061

Barbara Spurrier, Finance Director

Tel: 020 3475 8108

Beaumont Cornish Limited (Nomad)

Michael Cornish

Tel: 020 7628 3396

Roland Cornish

SP Angel Corporate Finance LLP (Joint Broker)

Richard Hail

Tel: 020 3463 2260

Beaufort Securities Limited (Joint Broker)

Tel: 020 7382 8300

Saif Janjua

Yellow Jersey PR Limited (Financial PR)

Dominic Barretto

Tel: 07768 537 739

Anna Legge

Tel: 07747 788 221