Holding(s) in Company

Holding(s) in Company

Tate & Lyle PLC

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:
Tate & Lyle PLC

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights   No
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):     Yes
The Harbinger Capital Partners Special Situations Fund, L.P. ("Special Fund") held certain shares in the Issuer in an account at Lehman Brothers International (Europe) ("LBIE"). On 15 September 2008, LBIE was placed into administration and four partners of PriceWaterhouseCoopers LLP were appointed as joint administrators ("Joint Administrators"). The Joint Administrators have advised that 17,723,884

of the shares have been rehypothecated. The Special Fund believes at this time that rehypothecated shares will not be recoverable. The Joint Administrators have proposed a framework which, if approved, would entitle customers to a claim for the rehypothecated securities valued as of the close of market on 12 September 2008 which would be set off against amounts owed by such customer to LBIE. Accordingly, the Special Fund in this filing has reduced the number of shares of the Issuer held by it to the extent such shares were held at LBIE and were rehypothecated. By making this filing, the Special Fund does not waive any arguments that it is entitled to recover such shares and expressly reserves such arguments. Certain non-rehypothecated shares were also held at LBIE and the timing and likelihood of the return of such shares is uncertain at this time. Subsequent filings may be necessary to address a final determination regarding the disposition of such shares.

3. Full name of person(s) subject to the
notification obligation:
  Harbinger Capital Partners LLC as the investment adviser to (i) Harbinger Capital Partners Master Fund I, Ltd. and (ii) Harbinger Capital Partners Special Situations Fund, L.P.
4. Full name of shareholder(s)
(if different from 3.):(if different from 3.):
Harbinger Capital Partners Master Fund I Ltd and Harbinger Capital Partners Special Situations Fund, L.P.
5. Date of the transaction and date on
which the threshold is crossed or
reached:

15 September 200815 September 2008
6. Date on which issuer notified:
19 October 200919 October 2009
7. Threshold(s) that is/are crossed or
reached:
Previous threshold - 13%

Current threshold - 9%

8. Notified details:
A: Voting rights attached to shares
Class/type of
shares


if possible usingif possible using
the ISIN CODEthe 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
  % of voting rights
Direct Direct   Indirect Direct   Indirect
Ordinary shares of £0.25 60,037,554 60,037,554 42,313,670   42,313,670   9.21%
ISIN Code:
GB0008754136GB0008754136
 
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial
instrument
Expiration
date
  Exercise/
Conversion Period
  Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.
  % of voting
rights
         
 
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial
instrument
Exercise price Expiration date   Exercise/
Conversion period
Number of voting rights instrument refers to   % of voting rights
           
 
 
Total (A+B+C)
Number of voting rights   Percentage of voting rights

42,313,670

9.21%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
Harbinger Capital Partners LLC serves as an investment adviser to (i) Harbinger Capital Partners Master Fund I, Ltd (which holds 30,000,000 voting rights in the issuer (6.53%)) and (ii) Harbinger Capital Partners Special Situations Fund, L.P. (which holds 12,313,670 voting rights in the issuer (2.68%)) The managing member of Harbinger Capital Partners LLC is Harbinger Holdings, LLC, which is in turn controlled by Philip A. Falcone.
 
Proxy Voting:
10. Name of the proxy holder:    
11. Number of voting rights proxy holder will cease
to hold:
 
12. Date on which proxy holder will cease to hold
voting rights:
 
 

13. Additional information:
   
14. Listed Company Contact name: Robert Gibber

Company Secretary

15. Contact telephone number: 020 7626 6525

Companies

Tate & Lyle (TATE)
UK 100

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