Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

 Fulcrum Utility Services Limited

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

An acquisition or disposal of voting rights

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 in beneficial owner

X

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

Marwyn Asset Management Limited

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

Marwyn Value Investors Limited

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

27 October 2014

6. Date on which issuer notified:

28 October 2014

7. Threshold(s) that is/are crossed orreached: vi, vii

Below 12%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

KYG368851047

17,312,334

17,312,334

17,312,334

17,312,334

11.22%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

17,312,334

11.22%

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

Marwyn Value Investors Limited holds 17,312,334 voting rights.

Voting rights in Fulcrum Utility Services Ltd have been transferred from Marwyn Value Investors LP to a custody account of which Marwyn Value Investors Limited is the beneficial owner.

Marwyn Value Investors Limited is an investor in Marwyn Value Investors LP. Both Marwyn Value Investors LP and Marwyn Value Investors Limited are managed by Marwyn Asset Management Limited.

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

14. Contact name:

Antoinette Vanderpuije

15. Contact telephone number:

0207 004 2743