Holding(s) in Company

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

Celsis International plc

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): Initial notification under Transparency Directive

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

HBOS plc

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

See Section 9.

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

15 December 2008

6. Date on which issuer notified:

16 December 2008

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

Increase to above 10%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares 

 if possible using the ISIN CODE

Situation previous to the Triggering transaction

Resulting situation after the triggering transaction

Number of Shares 

Number of Voting Rights

Number of shares 

Number of voting rights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

Ord 5p Shares

ISIN

GB00B0CD5F69

2,128,804

2,128,804

56,526

56,526

2,321,824

0.258%

10.605%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument 

Expiration date

Exercise/ Conversion Period/ Date

Number of voting rights that may be acquired if the instrument is exercised/ converted. 

% of voting rights

N/A

Total (A+B)

Number of voting rights

% of voting rights

2,378,350

10.864%

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

Insight Investment Management (Global) Limited* (Indirect) - 2,376,336 (10.855%)

IIMGL manages holdings on behalf of other HBOS Group companies, and other third parties external to the HBOS Group), under various discretionary management agreements.

(* - wholly owned subsidiaries of HBOS plc.)

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:

Notification using the total voting rights figure of

21,892,528

14. Contact name:

Kenny Melville

15. Contact telephone number:

0131 243 8671