Holding in Company

RNS Number : 8941U

Equest Investments Balkans Ltd

20 May 2008

Standard Form TR-1
Voting rights attached to shares- Article 12(1) of directive 2004/109/EC
Financial instruments - Article 11(3) of the Commission Directive 2007/14/EC

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached : Equest Investments Balkans Limited

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

[X ] 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

3. Full name of person(s) subject to the notification obligation: Kairos Eurasian Fund Limited

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

5. Date of the transaction and date on which the threshold is crossed or reached:13th May 2008

6. Date on which issuer notified; 14th May 2008

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

8. Notified details:

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	Number of shares	Number of voting rights		% of voting rights
	Number of Shares	Number of Voting rights	Direct	Direct	Indirect	Direct	Indirect


SUBTOTAL A (based on aggregate voting rights)	1,439,260	8.31%	0	0		Below 3%

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


		SUBTOTAL B (in relation to all expiration dates)

Total (A+B)	number of voting rights	% of voting rights

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

10. In case of proxy voting: [name of the proxy holder] will cease to hold [number] voting rights as of [date].

11. Additional information:

Done at [place] on [date].

Annex to the standard form TR-1

a) Identity of the person or legal entity subject to the notification obligation:

Full name (including legal form for legal entities)	.
Contact address (registered office for legal entities)
Phone number
Other useful information (at least legal representative for legal persons)	…………………………………………….

b) Identity of the notifier, if applicable:

Full name
Contact address
Phone number
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)