Holding(s) in Company

 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

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 thenotification obligation: iii

City Financial Investment Company Limited, acting as Investment Manager and Authorised Corporate Director of the Absolute Equity Fund (previously known as City Financial UK 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 (previously known as City Financial UK Equity Fund)

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

2nd July 2014

6. Date on which issuer notified:

4th July 2014

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

9%

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

GB00B3K9ML24

7,307,692

7,307,692

13,974,359

13,974,359

9.3%

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

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

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

13,974,359

9.3%

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:

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

W.H.Ireland Limited (Joint Broker)

Tel: 020 7220 1666

James Joyce /James Bavister

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