Holding(s) in Company

10th Sep 2007 09:29

GW Pharmaceuticals PLC10 September 2007 GW Pharmaceuticals plc10 September 2007 TR-1: notification of major interests in shares 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: GW PHARMACEUTICALS PLC 2. Reason for the notification (please tick the appropriate box orboxes) - 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 notification obligation: Kings Road Investments Ltd.Polygon Global Opportunities Master FundPolygon Investment Partners LPPolygon Investment Partners LLPPolygon Investment Partners HK LimitedPolygon Investments Ltd. 4. Full name of shareholder(s) (if different from 3.): Vidacos Nominees Limited 5. Date of the transaction (and date on which the threshold is crossed or reached if different): 6 September 2007 6. Date on which issuer notified: 7 September 2007 7. Threshold(s) that is/are crossed or reached: 5% 8. Notified details: A: Voting rights attached to shares Class/type of Situation previous Resulting situation after the triggeringshares to the Triggering transaction transactionif possibleusing the ISIN Number Number of Number Number of voting % of voting CODE of Voting of rights rights Shares Rights shares Direct Direct Indirect Direct Indirect GB0030544687 4,890,978 4,890,978 3,800,708 3,800,708 3.16% B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ Number of voting rights that may % offinancial date Conversion be acquired if the instrument is votinginstrument Period/ exercised/ converted. rights DateShare Warrant 10 January 2011 N/A 1,849,794 1.54% Total (A+B) Number of voting rights % of voting rights 5,650,502 4.70% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Kings Road Investments Ltd. ("KRIL") is a wholly-owned subsidiary of PolygonGlobal Opportunities Master Fund (the " Master Fund"). Polygon InvestmentPartners LLP, Polygon Investment Partners LP and Polygon Investment Partners HK Limited (the "Investment Managers") and Polygon Investments Ltd. (the "Manager")share voting power of the securities held by KRIL and the Master Fund. TheInvestment Managers are wholly-owned subsidiaries of the Manager. 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: NONE 14. Contact name: Sean Cote 15. Contact telephone number: 020 7901 8330 This information is provided by RNS The company news service from the London Stock Exchange

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