JPMorgan Progressive Multi-Strategy 06 March 2008 JPMORGAN PROGRESSIVE MULTI-STRATEGY FUND LIMITED (Registered in Guernsey - Number 46407) Registered Office: REGENCY COURT, GLATEGNY ESPLANADE, ST. PETER PORT, GUERNSEY, GY1 3NQ, CHANNEL ISLANDS. ___________________________ TELEPHONE: + 44 1481 720321 FACSIMILE: + 44 1481 716117 e-mail: [email protected] Immediate Announcement 06 March 2008 JPMorgan Progressive Multi-Strategy Fund Limited was notified of the following transaction in its share capital. TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying JP Morgan Multi Redeemable PTG NPV (SEDOL B1RZDH2) issuer of existing shares to which voting rights are attached: 2. Reason for notification (yes/no) An acquisition or disposal of voting rights Yes 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 Cazenove Capital Management Limited notification obligation: 4. Full name of shareholder(s) (if different N/A from 3) 5. Date of transaction (and date on which the 04/03/08 threshold is crossed or reached if different): 6. Date on which issuer notified: 05/03/08 7. Threshold(s) that is/are crossed or reached: 14% 8. Notified Details N/A A: Voting rights attached to shares Class/ Situation previous to the Resulting situation after the triggering transaction type of triggering transaction Shares if possible Number of Number of Number of Number of voting rights Percentage of voting use ISIN Shares voting shares rights Code rights Direct Indirect Direct Indirect B1RZDH2 3,363,000 3,363,000 3,713,000 3,713,000 0 14.82% 0 B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration date Exercise/ No. of voting rights that Percentage of financial conversion period may be acquired (if the voting rights instrument /date instrument exercised/ converted) N/A N/A N/A N/A N/A Total (A+B) Number of voting rights Percentage of voting rights 3,713,000 14.82% 9. Chain of controlled undertakings through which the voting rights and / or the financial instruments are effectively held, if applicable: N/A Proxy Voting: 10. Name of 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: N/A 15. Contact telephone number: N/A Annex Notification of Major Interest in Shares A: Identity of the person or legal entity subject to the notification obligation Full Name Cazenove Capital Management Limited Contact Address 12 Moorgate, London EC2R 6DA Phone Number 0207 155 5013 Other useful information Niraj Shah All Enquiries: The Company Secretary Butterfield Fund Services (Guernsey) Limited PO Box 211 Regency Court Glategny Esplanade St Peter Port Guernsey GY1 3NQ Tel: 01481 720321 Fax: 01481 716117 This information is provided by RNS The company news service from the London Stock Exchange