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:

Accident Exchange 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 

No

An event changing the breakdown of voting rights

No

Other (please specify):______________

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

Sanlam Universal Funds PLC 

Sanlam Global Financial Fund

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

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

9% crossed on  30 April 2008

6. Date on which issuer notified:

01 July  2008

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

9%

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

Number of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

GB00B00LL325

 6,040,749  6,040,749 6,660,749 6,660,749     9.4% 

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

6,660,749

9.4%

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

Sanlam Universal Fund PLC

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:

Aloysius Jacobs

15. Contact telephone name:

+27 21 950 2901

Annex: Notification of major interests in shares

A: Identity of the persons or legal entity subject to the notification obligation

Full name 

(including legal form of legal entities)

Sanlam Universal Funds PLC

Contact address 

(registered office for legal entities)

2a Parkview House

Beech Hill Road

Dublin 4

Ireland

Phone number & email

353-1-205-3512

Other useful information 

(at least legal representative for legal persons)

B: Identity of the notifier, if applicable

Full name

Aloysius Jacobs

Contact address

Sanlam Investment Management

55 Willie van Schoor Avenue

Bellville

7530

South Africa

Phone number & email

+27 21 950 2901

aloysiusj@sim.sanlam.com

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information