Independent Resources plc (the 'Company')
Notification of substantial shareholding
The Company received notification on 4th November 2008 from Matterhorn Investment LLP that:
Non-beneficial funds under the discretionary management of Matterhorn Investment Management LLP now hold an interest in 4,416,667 ordinary shares of Independent Resources Plc.
The following interest is included in the number of shares shown above:
Fund Name and Address No of Ordinary Shares
The Palmyra Master fund 3,518,522
Queensgate House
South Church Street
PO Box 1234
Grand Cayman KY1-1108
Cayman Islands
2. The registered holders of the total above mentioned shares are:
Registered Holder No of Ordinary Shares
Credit Suisse Client Nominees (UK) Limited 3,518,522
Goldman Sachs Securities (Nominees) Limited 898,145
3. Matterhorn Investment Management LLP and The Palmyra Master Fund are interested in none of
the above shares by virtue of such an interest as is mentioned in s.208(5) Companies Act 1985.
Enquiries:
For further information please contact:
Independent Resources plc
Tim James 00 39 06 45 49 07 20
Deloitte Corporate Finance
Jonathan Hinton/David Smith 020 7936 3000