Holding(s) in Company

Rurelec PLC
18 October 2007


TR-1(i): notification of major interests in shares

1. Identity of the issuer or the                          Rurelec Plc
underlying issuer of existing shares to               --------------------
which voting rights are attached(1):
-------------------------------
2. Reason for the notification (please tick the appropriate box or boxes)
--------------------------------------------                                -------
An acquisition or disposal of voting rights                                    X
--------------------------------------------                                -------
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 the            RAB ENERGY FUND LIMITED
notification obligation(1):                           --------------------
-------------------------------
4. Full name of shareholder(s) (if         CREDIT SUISSE CLIENT NOMINEES (UK) LIMITED
different from 3.)(1):                                --------------------
-------------------------------
5. Date of the transaction (and date on                    17/10/2007
which the threshold is crossed or reached             --------------------
if different)(1):
-------------------------------
6. Date on which issuer notified:                          18/10/2007
-------------------------------                       --------------------
7. Threshold(s) that is/are
crossed or reached:                                           8%
-------------------------------                       --------------------
8. Notified details:                                          n/a
-------------------------------                       --------------------



A: Voting rights attached to shares
Class/type Situation previous   Resulting situation after the triggering transaction(1)
of shares  to the Triggering
           transaction (1)
if
possible   Number of    Number  Number of    Number of voting      % of voting rights
using the  Shares       of      shares       rights ix
ISIN CODE               Voting
                        Rights  Direct       Direct x     Indirect Direct    Indirect
                        viii                              xi

ORDINARY    5,425,000    7.40%   6,365,000    6,365,000   n/a         8.68%  n/a
SHARES

B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of          Expiration   Exercise/ Conversion    Number of voting      % of voting
financial        date xiii    Period/ Date xiv        rights that may be    rights
instrument                                            acquired if the
                                                      instrument is
                                                      exercised/ converted.
      n/a        n/a                    n/a           n/a                   n/a

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

   6,365,000                                      8.68%


9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable xv:
RAB Capital plc acts as investment manager for RAB ENERGY FUND LIMITED. RAB
Capital plc does not act as custodian for its clients and therefore the shares
are held in the nominee name of the custodian of its clients, which is CREDIT

SUISSE CLIENT NOMINEES (UK) LIMITED.

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 rights:  n/a

13. Additional information:                                       n/a

14. Contact name:                                                 LEGAL TEAM

15. Contact telephone number:                                     020 7389 7000



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 entities)            RAB ENERGY
                                                               FUND LIMITED
Contact address (registered office for legal entities)         C/O RAB
                                                               CAPITAL PLC,
                                                               1 ADAM STREET,
                                                               LONDON WC2N 6LE
Phone number                                                   020 7389 7000

Other useful information (at least legal representative for legal
persons)

B: Identity of the notifier, if applicable xvii

Full name                                                          ALL AS ABOVE
Contact address
Phone number

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

C: Additional information
n/a



Notes


--------------------------



(i) This form is to be sent to the issuer or underlying issuer and to be filed
with the competent authority.



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