Notification of Interest

Dolphin Capital Investors Limited
17 January 2008

Form TR-1 with annex. FSA Version 2.1 updated April 2007

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

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:              Dolphin Capital Investors Ltd

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                            No

An event changing the breakdown of voting rights                                        No

Other (please specify):______________                                                   No


3. Full name of person(s) subject to notification    Silver Capital Holdings Limited
obligation:


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


5. Date of transaction (and date on which the        16/01/08
threshold is crossed or reached if different):


6. Date on which issuer notified:                    16/01/08


7. Threshold(s) that is/are crossed or reached:      5%


8: Notified Details


A: Voting rights attached to shares


Class/type of   Situation previous to the Resulting situation after the triggering transaction
shares          triggering transaction
                Number of    Number of    Number of    Number of voting rights Percentage of voting
If possible use shares       voting       shares                               rights
ISIN code                    rights

                                                       Direct      Indirect    Direct       Indirect

VGG2803G1028    20,105,000   20,105,000   27,305,000   27,305,000  N/A         5.28%        N/A




B: Financial Instruments


Resulting situation after the triggering transaction


Type of financial    Expiration date      Exercise/ conversion No. of voting rights  Percentage of voting
instrument                                period/date          that may be acquired  rights
                                                               (if the instrument
                                                               exercised/converted)

N/A                  N/A                  N/A                  N/A                   N/A




Total (A+B)


Number of voting rights                              Percentage of voting rights


27,305,000                                           5.28%




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


N/A






Proxy Voting:


10. Name of 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:


13. Additional information:                          N/A


14 Contact name:                                     N/A


15. Contact telephone name:                          N/A





For notes on how to complete form TR-1 please see the FSA website.


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