Holding in Company

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing            Independent Resources plc
shares to which voting rights are attached:

2. Reason for notification (yes/no)
                                                                                                   YES
An acquisition or disposal of voting rights                                                          

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):

3. Full name of person(s) subject to notification            Credit Suisse Securities (Europe) Limited
obligation:

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

5. Date of transaction (and date on which the                                 19.01.09
threshold is crossed or reached if different):

6. Date on which issuer notified:                                             20.01.09

7. Threshold(s) that is/are crossed or reached:                                   
                                                                                 8%

8: Notified Details
A: Voting rights attached to shares

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

                                                                   Direct        Indirect   Direct      Indirect

GB00B0RNX796          3,720,000      3,720,000      3,645,000      3,645,000     N/A        8.95%       N/A

B: Financial Instruments

Resulting situation after the triggering transaction

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

Total (A+B)

Number of voting rights                                Percentage of voting rights

                     3,645,000                                                8.95%

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

Credit Suisse Securities (Europe) Limited and Credit Suisse International are a division of Credit Suisse
("CSIBD"), which is part of the Credit Suisse Group ("CSG"). CSIBD is a segregated business unit within CSG
with an independent management structure and exercises its voting rights independently from other divsions
of CSG

Proxy Voting:

10. Name of 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:                                       Simon Crawley/Carolyn Collins

15. Contact telephone number:                          + 44 207 888 5416

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in shares

A: Identity of the persons or legal entity subject to the notification obligation
Full name                                              
(including legal form of legal entities)               Credit Suisse Securities (Europe) Limited

Contact address                                        
(registered office for legal entities)                 One Cabot Square, London E14 4QJ

Phone number & email                                   
                                                       0207 888 5416 [e-mail]
Other useful information                               
(at least legal representative for legal persons)      Simon Crawley

B: Identity of the notifier, if applicable
Full name                                              

Contact address                                        

Phone number & email                                   

Other useful information                               

(e.g. functional relationship with the person or
legal entity subject to the notification obligation)

C: Additional information

Independent Resources plc