Holding(s) in Company

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Phibro Animal Health Corporation 

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 

No

An event changing the breakdown of voting rights

No

Other (please specify): 

No

3. Full name of person(s) subject to notification obligation:

3i Group plc (direct)

3i Investments plc (indirect) 

4. Full name of shareholder(s) (if different from 3):

5. Date of transaction (and date on which the threshold is crossed or reached if different):

28 April 2009

6. Date on which issuer notified:

1 May 2009

7. Threshold(s) that is/are crossed or reached:

29%

A: Voting rights attached to shares

Class/type of shares 

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

 if possible using the ISIN CODE

Number of Shares 

Number of Voting Rights

Number of shares 

Number of voting rights

% of voting rights

Direct

Direct

Indirect 

Direct

Indirect

USU694051058

Below 5%

Below 5%

20,610,000

20,610,000

29.87%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

Total (A+B)

Number of voting rights

Percentage of voting rights

20,610,000

29.87%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

3i Group plc has a direct beneficial interest in the total number of voting rights disclosed in section 8 above. 

3i Investments plc (a wholly owned subsidiary of 3i Group plc) has an indirect interest in the total number of voting rights disclosed in section 8 above in its capacity as the discretionary Investment Manager of 3i Group plc.

3i Holdings plc and 3i plc are both wholly owned subsidiary undertakings of 3i Group plc and parent undertakings of 3i Investments plc.

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:

Notification using total voting rights of 69,000,000

14 Contact name:

Ceris Hayward

15. Contact telephone name:

020 7975 3414