23rd Jul 2007 17:15
Prodesse Investment Limited23 July 2007 TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to whichvoting rights are attached (ii):Prodesse Investment Limited 2. Reason for the notification (please state Yes/No): ( No ) An acquisition or disposal of voting rights: ( No ) An acquisition or disposal of financial instruments which may result in theacquisition of shares already issued to which voting rights are attached: ( No ) An event changing the breakdown of voting rights: ( No ) Other (please specify) : ( Yes ) Declaration of notifiable holding in accordancewith the Transitional Provisions of the Disclosure and Transparency Rules. 3. Full name of person(s) subject to the notification obligation (iii):Polygon Global Opportunities Master Fund, Polygon Investment Partners LP,Polygon Investment Partners LLP, Polygon Investment Partners HK Limited, PolygonInvestments Ltd. 4. Full name of shareholder(s) (if different from 3.) (iv):Vidacos Nominees Limited 5. Date of the transaction (and date on which the threshold is crossed orreached if different) (v):N/A 6. Date on which issuer notified:23 July 2007 7. Threshold(s) that is/are crossed or reached:26% 8. Notified details:................. A: Voting rights attached to shares Class/type of shares if Situation previous to the Triggering transaction (vi)possible using the ISINCODE Number of shares Number of voting Rights (viii)GB00B06FN106 6,278,382 6,278,382 Resulting situation after the triggering transaction (vii) Class/type of shares if Number of Number of voting % of votingpossible using the ISIN shares rights (ix) rightsCODE Direct Direct (x) Indirect Direct Indirect (xi) 7,443,715 7,443,715 26% B: Financial InstrumentsResulting situation after the triggering transaction (xii) Type of Expiration Exercise/ Number of voting rights that may % offinancial Date Conversion be acquired if the instrument is votinginstrument (xiii) Period/ Date exercised/ converted. rights (xiv) Total (A+B)Number of voting rights % of voting rights7,443,715 26% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable (xv):Polygon Investment Partners LLP, Polygon Investment Partners LP and PolygonInvestment Partners HK Limited (the "Investment Managers") and PolygonInvestments Ltd. (the "Manager") share voting power of the securities held byPolygon Global Opportunities Master Fund. The Investment Managers arewholly-owned subsideries of the Manager. Proxy Voting: 10. Name of the proxy holder:................. 11. Number of voting rights proxy holder will cease to hold:................. 12. Date on which proxy holder will cease to hold voting rights:................. 13. Additional information:................. 14. Contact name:Sean Cote 15. Contact telephone number:0207 901 8330 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Predator Oil