Holding(s) in Company

TR-1: notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Naya Bharat Property Co plc

2. Reason for the notification  (please tick the appropriate box or boxes) 

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):

No

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

Midas Capital plc

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

(see section 9 below)

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

29/10/08

6. Date on which issuer notified:

31/10/08

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

13%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares 

(if possible using the ISIN CODE)

Situation previous to the Triggering transaction 

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights viii

Number of shares

Number of voting rights ix

% of voting rights

Direct

Direct x

Indirect xi

Direct

Indirect

6,855,000

6,855,000

7,485,000

7,485,000

N/A

13.46%

N/A

B: Financial Instruments

Resulting situation after the triggering transaction xii

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period/ Date xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

N/A

N/A

N/A

N/A

N/A

Total (A+B)

Number of voting rights

% of voting rights

7,485,000

13.46%

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

CF iimia Accelerated Fund - 2,000,000

(Registered: Bank of New York Nominees Ltd A/C 391998)

 CF iimia Growth Fund - 1,845,000

(Registered: HSBC Global Custody Nominee (UK) Ltd A/C 949182)

iimia Investment Trust -  3,640,000

 (Registered: Bank of New York Nominees Ltd A/C 178055

Proxy Voting:

10. Name of the 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:

Iimia plc, Miton Asset Management Ltd and Midas Capital Partners Ltd are all subsidiaries of Midas Capital plc

14. Contact name:

Helen Craig 

15. Contact telephone number:

01392 475972 

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

Midas Capital plc

Full name:

Midas Capital plc

Contact address:

23 Cathedral Yard, Exeter, EX1 1HB

Phone number:

01392 475972

B:Identity of the notifier, if applicable 

Midas Capital plc

Full name:

Midas Capital plc

Contact address:

23 Cathedral Yard, Exeter, EX1 1HB

Phone number:

01392 475972