Holding(s) in Company

RNS Number : 5563G

Indian Restaurants Group PLC

23 October 2008

TR-1: notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:	Indian Restaurants Group
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 financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An event changing the breakdown of voting rights
Other (please specify): Placing _______________________
3. Full name of person(s) subject to the notification obligation:	Kaupthing Singer & Friedlander Ltd
4. Full name of shareholder(s) (if different from 3.):	Kaupthing Singer & Friedlander Ltd
5. Date of the transaction (and date on which the threshold is crossed or reached if different):	03.10.2008
6. Date on which issuer notified:	21.10.2008
7. Threshold(s) that is/are crossed or reached:	21.67%
8. Notified details:	2,834,000

A: Voting rights attached to shares
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 viii	Number of shares	Number of voting rights ix		% of voting rights
			Direct	Direct x	Indirect xi	Direct	Indirect
Ordinary Shares Isin: GB00B0YTNL47	Below 3%	Below 3%	2,834,000	2,834,000		21.67%

B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial instrument	Expiration date xiii	Exercise/ Conversion Period/ Date xiv	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights

Total (A+B)
Number of voting rights	% of voting rights
2,834,000	21.67%

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

The shares are held in KSF ltd Crest account through Kaupthing, Singer & Friedlander Ltd.

Kaupthing, Singer & Friedlander Limited is in administration. Kaupthing Singer & Friedlander Limited (the Company) was placed into administration pursuant to a court order made on 8 October 2008. Margaret Elizabeth Mills, Patrick Joseph Brazzill, Thomas Merchant Burton and Alan Robert Bloom were appointed joint administrators of the Company.

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:

Based on Issued Share Capital of 13,079,850

14. Contact name:

Kavita Thaker

15. Contact telephone number:

0203 205 6621

Annex Notification Of Major Interests In Shares xvi

A: Identity of the person or legal entity subject to the notification obligation
Full name (including legal form for legal entities)	Kaupthing Singer & Friedland Ltd
Contact address (registered office for legal entities)	One Hanover Street London W1S 1AX
Phone number	020 3205 6621
Other useful information (at least legal representative for legal persons)

B: Identity of the notifier, if applicable xvii
Full name
Contact address
Phone number
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)