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:
Queens Walk Investment Limited
2. Reason for the notification State
Yes/No
An acquisition or disposal of voting rights No
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): Tender Offer Yes
3. Full name of person(s) subject to the notification Cheyne Capital Investment
obligation (iii): Management (UK) LPP
4. Full name of shareholder(s) (if different from 3.) Cheyne ABS Opportunities
(iv): Fund LP
5. Date of the transaction (and date on which the 15.10.2007
threshold is crossed or reached if different) (v):
6. Date on which issuer notified: 19.10.2007
7. Threshold(s) that is/are crossed or reached: 50%
8. Notified details: N/A
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)
GB00B0HW5366 17,900,756 17,900,756 17,900,756 17,900,756 N/A 51.08% 0%
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
Common Stock 51.08%
Total (A+B)
Number of voting rights % of voting rights
17,900,756 51.08%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):
Chain of controlled undertakings through which the voting rights and / or the
financial instruments are effectively held, if applicable:
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: Jane Regan
15. Contact telephone number: +44 (0)20 7102
2083
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 Queen's Walk Investment Limited
entities)
Contact address (registered office for legal Dorey Court
entities)
Admiral Park
St Peter Port
Guernsey
GY1 3BG
Phone number 01481 752482
Other useful information (at least legal
representative for legal persons)
B: Identity of the notifier, if applicable
(xvii)
Full name Lehman Brothers International
(Europe)
Contact address 25 Bank Street
London
E14 5LE
Phone number +44 (0) 20 7102 1000
Other useful information (e.g. functional Position_disclosures@lehman.com
relationship with the person
or legal entity subject to the notification
obligation)
C: Additional information
N/A
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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