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:

Rapid Realisations Fund Limited

2. Reason for notification (yes/no)

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 notification obligation:

HBOS plc

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

See Section 9

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

30 September 2008

6. Date on which issuer notified:

2 October 2008

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

Direct increased to above 21% (Direct/Indirect above 23%)

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Number of shares

Direct

Number of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

Ord NPV Shares

ISIN

GG00B232YM60

14,0000,000

14,000,000

12,657,362

12,657,362

1,196,996

21.50%

2.00%

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

N/A

Total (A+B)

Number of voting rights

Percentage of voting rights

13,854,358

23.15%

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

Uberior Equity Limited plc* (Direct) - 10,000,000 (16.710%)

Insight Investment Management (Global) Limited* ('IIMGL') (Indirect) - 3,537,205 (5.911%)

 (* - wholly owned subsidiaries of HBOS 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 the total voting rights figure of 59,845,000

14 Contact name:

Kenny Melville

15. Contact telephone name:

0131 243 8671