Name of person discharging managerial

responsibilities/director

A K AGARWAL

State whether notification relates to a person

connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

YES. THE NOTIFICATION RELATES TO VOLCAN INVESTMENTS LIMITED

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

DISCLOSURE RELATES TO A HOLDING OF THE PERSON NAMED IN BOX 4 ABOVE.

Description of shares (including class), debentures or derivatives or financial instruments relating to shares

ORDINARY SHARES OF $0.10 EACH

Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

VOLCAN INVESTMENTS LIMITED                                             

State the nature of the transaction

ON 16 DECEMBER 2014, PURSUANT TO A FINANCING ARRANGEMENT WITH BANK OF AMERICA NA, LONDON BRANCH ("BAML") VOLCAN INVESTMENTS LIMITED ("VOLCAN") GRANTED SECURITY OVER 6,243,327 ORDINARY SHARES IN THE CAPITAL OF THE COMPANY (REPRESENTING 2.31  PER CENT OF THE ORDINARY SHARES IN THE CAPITAL OF THE COMPANY, EXCLUDING SHARES HELD IN TREASURY) ( THE "SHARES") IN FAVOUR OF BAML. THE ARRANGEMENT INVOLVES THE TRANSFER OF THE SHARES TO MERRILL LYNCH INTERNATIONAL ("MLI") AS CUSTODIAN FOR VOLCAN WITH SECURITY PROVIDED BY VOLCAN OVER ITS CUSTODY ACCOUNT WITH MLI IN FAVOUR OF BAML. THE SECURITY EXTENDS TO DIVIDENDS AND NON-CASH DISTRIBUTIONS PAID OR PAYABLE IN RESPECT OF THE SHARES AND ALL PROPERTY AND OTHER RIGHTS DERIVING FROM OR IN RESPECT OF THE SHARES.

THE ARRANGEMENT PERMITS VOLCAN TO CONTINUE TO PROVIDE INSTRUCTIONS TO MLI IN RELATION TO THE VOTING RIGHTS ATTACHING TO THE SHARES, SUBJECT TO CUSTOMARY EXCEPTIONS.

Number of shares, debentures or financial

instruments relating to shares acquired

N/A

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

N/A

Number of shares, debentures or financial

instruments relating to shares disposed

N/A

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

N/A

Price per share or value of transaction

N/A

Date and place of transaction

16 DECEMBER 2014, LONDON

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

TOTAL HOLDING - 187,488,102   -  69.87%

Date issuer informed of transaction

19 DECEMBER 2014