North Atl.smlr Regulatory News (NAS)

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

GTL Resources Plc

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify):______________

3. Full name of person(s) subject to notification obligation:

Harwood Capital LLP (formerly North Atlantic Value LLP) (as investment manager/adviser)

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

1. North Atlantic Smaller Companies Investment Trust PLC

2. Oryx International Growth Fund Limited

3. Trident Private Equity Fund III LP

5. Date of transaction (and date on which the threshold is crossed or reached if different):

22 November 2011

6. Date on which issuer notified:

23 November 2011

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

Total holding through 25%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use 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

Percentage of voting rights

Direct

Indirect

Direct

Indirect

Ordinary shares

Sedol: B1HT233

Holder 1 3,848,686 3,848,686 3,848,686 3,848,686 12.03%

Holder 2 3,400,000 3,400,000 3,400,000 3,400,000 10.63%

Holder 3 740,000 740,000 1,040,000 1,040,000 3.25%

TOTAL: 25.91%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

Total (A+B)

Number of voting rights

Percentage of voting rights

8,288,686

25.91%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

Not applicable

Proxy Voting:

10. Name of 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:

Harwood Capital LLP is the investment manager/advisor in respect of the full 25.91% holding as it is investment manager/adviser to Holders 1, 2 and 3.

14 Contact name:

Bonita Guntrip

15. Contact telephone name:

020 7747 5681