21st Mar 2007 16:40
Prodesse Investment Limited21 March 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): ( ) An acquisition or disposal of voting rights: (N) An acquisition or disposal of financial instruments which may result in theacquisition of shares already issued to which voting rights are attached: (N) An event changing the breakdown of voting rights: (N) Other (please specify) : (Declaration of notifiable holding in accordance withthe Transitional Provisions of the Disclosure and Transparency Rules) 3. Full name of person(s) subject to the notification obligation (iii):Polygon Global Opportunities Master FundPolygon Investment Partners LPPolygon Investment Partners LLPPolygon Investment Partners HK LtdPolygon Investments Ltd 4. Full name of shareholder(s) (if different from 3.) (iv):Vidacos Nominees Ltd 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:19 March 2007 7. Threshold(s) that is/are crossed or reached:21% 8. Notified details: A: Voting rights attached to shares Class/type of shares if Situation previous to the Triggering transaction (vi)possible using the ISINCODEGB00B06FN106 Number of shares Number of voting Rights (viii)Ordinary Shares 5,500,000 5,500,000 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) rightsCODEGB00B06FN106 Direct Direct (x) Indirect Direct Indirect (xi)OrdinaryShares 5,500,000 5,500,000 21.46% 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 rights5,500,000 21.46% 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 Ltd (the "Investment Managers") and Polygon InvestmentsLtd (the "Manager") share voting power of the securities held by Polygon GlobalOpportunities Master Fund. The Investment Managers are wholly-owned subsidiariesof 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