Holding(s) in Company

RNS Number : 6672Y

Carpathian PLC

05 March 2012

For filings with the FSA include the annex
For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESⁱ

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ⁱⁱ			Carpathian PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
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):	Issuer's reduction of share capital announced on 24 January 2012			X
3. Full name of person(s) subject to the notification obligation: ⁱⁱⁱ		Weiss Asset Management LP
4. Full name of shareholder(s) (if different from 3.):^iv		Brookdale International Partners, L.P., Brookdale Global Opportunity Fund[1]
5. Date of the transaction and date on which the threshold is crossed or reached: ^v		Jan-24-2012
6. Date on which issuer notified:		Mar-02-2012
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}		> 30 %

8. Notified details:

A: Voting rights attached to shares ^{viii, ix}

Class/type of
shares

if possible using
the 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 ^x

Direct

Direct ^xi

Indirect ^xii

Direct

Indirect

GB00B0B66533

46,621,232

n/a

20.19 %

n/a

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date ^xiii

Exercise/
Conversion Period ^xiv

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 ^{xv, xvi}

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date ^xvii

Exercise/
Conversion period ^xviii

Number of voting rights instrument refers to

% of voting rights ^{xix, xx}

CFD

N/A

23,000,000

Nominal

Delta

9.96 %

Total (A+B+C)

Number of voting rights

Percentage of voting rights

69,621,232

30.14 %

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: ^xxi
Brookdale International Partners, L.P.: 48,284,914 shares / financial instruments (20.91 %) Brookdale Global Opportunity Fund: 21,336,318 shares / financial instruments (9.24 %)

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. Contact name:	Georgiy Nikitin
15. Contact telephone number:	+1-617-778-7725