Holding(s) in Company (Updated)

TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

Chesnara plc

2. Reason for the notification                                  State          
                                                                Yes/No         
                                                                               
An acquisition or disposal of voting rights                      Yes 
Disposal of voting rights          
                                                                               
An acquisition or disposal of financial instruments               No           
which may result in the                                                        
acquisition of shares already issued to which voting                           
rights are attached                                                            
                                                                               
An event changing the breakdown of voting rights                  No           
                                                                               
Other (please specify):                                           No           

3. Full name of person(s) subject to the notification       New Star Asset     
obligation (iii):                                         Management Limited   
                                                                               
4. Full name of shareholder(s) (if different from 3.)            N/A              
(iv):                                                                          
                                                                               
5. Date of the transaction (and date on which the           4th April 2008     
threshold is crossed                                                           
or reached if different) (v):                                                  
                                                                               
6. Date on which issuer notified:                           8th April 2008     
                                                                               
7. Threshold(s) that is/are crossed or reached:                  10%           
                                                                               
8. Notified details:                                                           

A: Voting rights attached to shares

Class/type of  Situation previous to   Resulting situation after the triggering   
    shares        the Triggering                   transaction (vii)              
 if possible     transaction (vi)                                                 
using the ISIN                                                                    
     CODE                                                                         
                                                                                  
                 Number     Number    Number   Number of voting     % of voting   
                   of         of        of       rights (ix)          rights      
                 Shares     Voting    shares                                      
                            Rights                                                
                            (viii)                                                
                                                                                  
                                      Direct  Direct   Indirect   Direct  Indirect
                                                (x)      (xi)                     
                                                                                  
 GB00B00FPT80  10,468,665 10,468,665                  10,454,665           9.99%  
                                                                                  

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

   Type of     Expiration       Exercise/        Number of voting       % of   
  financial    date (xiii)      Conversion      rights that may be     voting  
 instrument                 Period/ Date (xiv)    acquired if the      rights  
                                                    instrument                 
                                                   is exercised/               
                                                     converted                 
                                                                               

Total (A+B)                                                                    
                                                                               
Number of voting rights                 % of voting rights                     
                                                                               
10,454,665                              9.99%                                  

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

N/A                                                    

Proxy Voting:


10. Name of the proxy holder:                                     N/A             
                                                                               
11. Number of voting rights proxy holder will cease to hold:      N/A             
                                                                               
12. Date on which proxy holder will cease to hold voting          N/A            
rights:                                                                        

13. Additional information:                                       N/A             
                                                                               
14. Contact name:                                                 N/A             
                                                                               
15. Contact telephone number:                                     N/A