Glencar Mining PLC 12 January 2006 GLENCAR MINING PLC ("Glnecar" or "the Company") Holdings in Company Glencar received notification on 12 January 2006 that J.P. Morgan Chase & Co ("JPMCC") has increased its total aggregate holding in the share capital of Glencar to 11,400,000 ordinary shares, which represents 5.5% of the issued share capital. This is as a result of J.P. Morgan Fleming Asset Management (UK) Limited, in its capacity as discretionary investment manager for various funds (which includes discretion to exercise voting rights), increasing its interests in the Company. For Further Information contact: Glencar Mining plc Hugh McCullough Tel: +353 1 661 9974 e-mail: info@glencarmining.ie 12 January 2006 This information is provided by RNS The company news service from the London Stock Exchange