Last checked at 9 Aug 2013 16:55
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi | |||||||||
| 1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | Caracal Energy Inc. | ||||||||
| 2 Reason for the notification (please tick the appropriate box or boxes): | |||||||||
| An acquisition or disposal of voting rights | YES | ||||||||
| An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | NO | ||||||||
| An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | NO | ||||||||
| An event changing the breakdown of voting rights | NO | ||||||||
| Other (please specify): | NO | ||||||||
| 3. Full name of person(s) subject to thenotification obligation: iii | Ingalls & Snyder LLC (“I&S”) | ||||||||
| 4. Full name of shareholder(s)(if different from 3.):iv | I&S, on behalf of its clients, has dispositive authority over (i.e. the power and authorization to sell at I&S’s discretion) 34,847,627 shares. I&S does not hold voting authority over these shares. | ||||||||
| 5. Date of the transaction and date onwhich the threshold is crossed orreached: v | August 7, 2013 | ||||||||
| 6. Date on which issuer notified: | August 9, 2013 | ||||||||
| 7. Threshold(s) that is/are crossed orreached: vi, vii | Interest in excess of 4% of issued share capital. | ||||||||
| 8. Notified details: | |||||||||||||||||||||||||||||||
| A: Voting rights attached to shares viii, ix | |||||||||||||||||||||||||||||||
| Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | |||||||||||||||||||||||||||||
| NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | |||||||||||||||||||||||||||
| Direct | Direct xi | Indirect xii | Direct | Indirect | |||||||||||||||||||||||||||
| ISIN CA1407561077 | 3,885,170 | - | 4,847,627 | See note 4 above. I&S has dispositive authority over 4,847,627shares. | - | 4.19% (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights). | - | ||||||||||||||||||||||||
| B: Qualifying Financial Instruments | |||||||||||||||||||||||||||||||
| Resulting situation after the triggering transaction | |||||||||||||||||||||||||||||||
| Type of financialinstrument | Expirationdate xiii | Exercise/ Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | |||||||||||||||||||||||||||
| N/A | |||||||||||||||||||||||||||||||
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | |||||||||||||||||||||||||||||||
| Resulting situation after the triggering transaction | |||||||||||||||||||||||||||||||
| Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to | % of voting rights xix, xx | ||||||||||||||||||||||||||
| N/A | Nominal | Delta | |||||||||||||||||||||||||||||
| Total (A+B+C) | |||||||||||||||||||||||||||||||
| Number of voting rights | Percentage of voting rights | ||||||||||||||||||||||||||||||
| 4,847,627 (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights). | 4.19% (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights). | ||||||||||||||||||||||||||||||
| 9. Chain of controlled undertakings through which the voting rights and/or thefinancial 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 ceaseto hold: | N/A | ||||
| 12. Date on which proxy holder will cease to holdvoting rights: | N/A | ||||
| 13. Additional information: | |||||
| 14. Contact name: | Frank Stolba | ||||
| 15. Contact telephone number: | (001) (212) 269 - 7814 | ||||
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