Holding(s) in Company

For filings with the FSA include the annex

For filings with issuer exclude the annex 

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:

Indian Restaurants Group plc

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 

An event changing the breakdown of voting rights

Other (please specify):______________

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

Kaupthing Singer & Friedlander Ltd (In Administration)

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

Kaupthing Singer & Friedlander Ltd (In Administration)

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

05.05.2009

6. Date on which issuer notified:

05.05.2009

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

21%

8: Notified Details Sold 2,834,000

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

GBOOBOYTNL47

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

2,834,000

Number of voting rights

2,834,000

Number of shares

0

Number of voting rights

Percentage of voting rights

Direct

0

Indirect

Direct

0%

Indirect

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

0

0%

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

Kaupthing, Singer & Friedlander Ltd (In Administration) is in administration. The Company was placed into administration pursuant to a court order made on 8 October 2008. Margaret Elizabeth Mills, Patrick Joseph Brazzill, Thomas Merchant Burton and Alan Robert Bloom were appointed joint administrators of the Company.

Proxy Voting:

10. Name of 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:

Elizabeth Hughes

15. Contact telephone name:

0203 205 6624