TR-1 Notification of Major Interest in Shares

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| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                   |
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|                                           |                       |
|-------------------------------------------+-----------------------|
| 1. Identity of the issuer or the          |                       |
| underlying issuer                         | Providence Resources  |
| of existing shares to which voting rights | P.l.c.                |
| are                                       |                       |
| attached: ii                              |                       |
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| 2 Reason for the notification (please tick the appropriate box or |
| boxes):                                                           |
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| 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          | Additional Shares acquired   |     X     |
| specify):              | in Placing                   |           |
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| 3. Full name of person(s) subject |                               |
| to the                            | JPMorgan Chase & Co           |
| notification obligation: iii      |                               |
|-----------------------------------+-------------------------------|
| 4. Full name of shareholder(s)    | JPMorgan Asset Management     |
|  (if different from 3.):iv        | (UK) Limited                  |
|-----------------------------------+-------------------------------|
| 5. Date of the transaction and    |                               |
| date on                           | 30 June 2009                  |
| which the threshold is crossed or |                               |
| reached: v                        |                               |
|-----------------------------------+-------------------------------|
| 6. Date on which issuer notified: | 2 July 2009                   |
|-----------------------------------+-------------------------------|
| 7. Threshold(s) that is/are       |                               |
| crossed or                        | 8%                            |
| reached: vi, vii                  |                               |
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+--------------------------------------------------------------------------------------------------------------+
|8. Notified details:                                                                                          |
|--------------------------------------------------------------------------------------------------------------|
|A: Voting rights attached to shares viii, ix                                                                  |
|--------------------------------------------------------------------------------------------------------------|
|Class/type of  |Situation previous                    |Resulting situation after the triggering transaction   |
|shares         |to the triggering                     |                                                       |
|if possible    |transaction                           |                                                       |
|using          |--------------------------------------+-------------------------------------------------------|
|the ISIN CODE  |Number                |Number         |Number         |Number of voting   |% of  voting rights|
|               |of                    |of             |of shares      |rights             |x                  |
|               |Shares                |Voting         |---------------+-------------------+-------------------|
|               |                      |Rights         |               |Direct|Indirect xii|Direct  |Indirect  |
|               |                      |               |               |xi    |            |        |          |
|---------------+----------------------+---------------+---------------+------+------------+--------+----------|
|               |                      |               |               |      |            |        |          |
|---------------|                      |               |               |      |            |        |          |
|IE0001390784   |74,228,600            |74,228,600     |239,097,100    |      |239,097,100 |        |8.18%     |
|--------------------------------------------------------------------------------------------------------------|
|                                                                                                              |
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|B: Qualifying Financial Instruments                                                                           |
|--------------------------------------------------------------------------------------------------------------|
|Resulting situation after the triggering transaction                                                          |
|--------------------------------------------------------------------------------------------------------------|
|Type of financial       |Expiration        |Exercise/               |Number of voting          |% of voting   |
|instrument              |date xiii         |Conversion Period xiv   |rights that may be        |rights        |
|                        |                  |                        |acquired if the           |              |
|                        |                  |                        |instrument is             |              |
|                        |                  |                        |exercised/ converted.     |              |
|------------------------+------------------+------------------------+--------------------------+--------------|
|Nil                     |                  |                        |                          |              |
|--------------------------------------------------------------------------------------------------------------|
|                                                                                                              |
|--------------------------------------------------------------------------------------------------------------|
|C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi             |
|--------------------------------------------------------------------------------------------------------------|
|Resulting situation after the triggering transaction                                                          |
|--------------------------------------------------------------------------------------------------------------|
|Type of         |Exercise price |Expiration date|Exercise/        |Number of voting |% of voting rights xix,  |
|financial       |               |xvii           |Conversion period|rights instrument|xx                       |
|instrument      |               |               |xviii            |refers to        |                         |
|                |               |               |                 |                 |                         |
|----------------+---------------+---------------+-----------------+-----------------+-------------------------|
|                |               |               |                 |                 |Nominal          |Delta  |
|Nil             |               |               |                 |                 |-----------------+-------|
|                |               |               |                 |                 |                 |       |
|--------------------------------------------------------------------------------------------------------------|
|                                                                                                              |
|--------------------------------------------------------------------------------------------------------------|
|Total (A+B+C)                                                                                                 |
|--------------------------------------------------------------------------------------------------------------|
|Number of voting rights     239,097,100                     |Percentage of voting rights    8.18%             |
|------------------------------------------------------------+-------------------------------------------------|
|                                                            |                                                 |
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| 9. Chain of controlled undertakings through which the voting      |
| rights and/or the                                                 |
| financial instruments are effectively held, if applicable: xxi    |
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|                                                                   |
|                               Total disclosable holding for       |
| JPMorgan Chase & Co.:                                             |
|                           Holdings by controlled undertakings of  |
|                JPMorgan Chase & Co. are as follows                |
|                                                                   |
|                           JPMorgan Asset Management (UK) Limited  |
| 239,097,100  (8.18%)                                              |
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|                                                                   |
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| Proxy Voting:                                                     |
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| 10. Name of the proxy holder:                           | N/A     |
|---------------------------------------------------------+---------|
| 11. Number of voting rights proxy holder will cease     | N/A     |
| to hold:                                                |         |
|---------------------------------------------------------+---------|
| 12. Date on which proxy holder will cease to hold       | N/A     |
| voting rights:                                          |         |
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|                                                                   |
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| 13. Additional information:                |                      |
|                                            |                      |
|                                            | N/A                  |
|--------------------------------------------+----------------------|
| 14. Contact name:                          |                      |
|--------------------------------------------+----------------------|
| 15. Contact telephone number:              |                      |
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| Note: Annex should only be submitted to the FSA not the issuer    |
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| Annex: Notification of major interests in sharesxxii              |
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|                                                                   |
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| A: Identity of the persons or legal entity subject to the         |
| notification obligation                                           |
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| Full name                               |                         |
| (including legal form of legal          |   JPMorgan Chase & Co   |
| entities)                               |                         |
|                                         |                         |
|-----------------------------------------+-------------------------|
| Contact address                         |   270 Park Avenue, New  |
| (registered office for legal entities)  | York, NY10017           |
|                                         |                         |
|-----------------------------------------+-------------------------|
| Phone number & email                    | 001 212 270 6000        |
|                                         |                         |
|-----------------------------------------+-------------------------|
| Other useful information                |                         |
| (at least legal representative for      |    N/A                  |
| legal persons)                          |                         |
|                                         |                         |
|-----------------------------------------+-------------------------|
|                                         |                         |
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| B: Identity of the notifier, if applicable                        |
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| Full name                               | Richard Lock            |
|                                         |                         |
|-----------------------------------------+-------------------------|
| Contact address                         | JPMorgan Chase,13th     |
|                                         | Floor, 125 London Wall, |
|                                         | EC2Y 5AJ                |
|-----------------------------------------+-------------------------|
| Phone number & email                    | 020 7777 0423           |
|                                         |                         |
|-----------------------------------------+-------------------------|
| Other useful information                |                         |
| (e.g. functional relationship with the  |   N/a                   |
| person or legal entity subject to the   |                         |
| notification obligation)                |                         |
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|                                                                   |
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| C: Additional information                                         |
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|                                                                   |
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| For notes on how to complete form TR-1 please see the FSA         |
| website.                                                          |
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