Holding(s) in Company

TR-1

NOTIFICATION OF MAJOR INTERESTS IN SHARES

For immediate release

01 June 2009

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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

ACENCIA DEBT STRATEGIES LTD

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

An acquisition or disposal of voting rights

X 

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

Change of ISC

X 

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

 HSBC Holdings Plc

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

 HSBC Global Asset Management (International) Limited

HSBC Global Asset Management (UK) Limited

HSBC Investment Management

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

 28th May 2009

6. Date on which issuer notified:

 29th May 2009

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

 From 7% to 8%

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

Number of shares

Number of voting rights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

GB00B0MSB420

 17,275,915

17,275,915 

 16,140,162

n/a

16,140,162

n/a

8.44%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/  Conversion  Period

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

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise  price

Expiration  date

Exercise/ Conversion  period

Number of voting  rights instrument  refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

 16,140,162

 8.44%

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

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:

 none

14. Contact name:

 Baljeet Gill

15. Contact telephone number:

 020 7991 6555