Holding(s) in Company- Replacement

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

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

Better Capital Ltd

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):

Shares acquired due to placing (correction of notification from 21/12/09) 

X

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

Jupiter Asset Management Limited ('Jupiter')

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

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

17 December 2009

6. Date on which issuer notified:

23 December 2009

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

2.80%

8. Notified details:

A: Voting rights attached to shares viii, ix

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 x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary Shares

0

0

0

0

4,000,000

0

2.80%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/  Conversion Period 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

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

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

n/a

n/a

n/a

n/a

n/a

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

4,000,000

2.80%

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

The shares will appear on the register in the following names:

Nortrust Nominees Limited - 4,000,000 

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:

The above 4,000,000 shares were acquired as a result of the recent placing.

This is based on an issued share capital of 142,000,000. 

The announcement on 21/12/09 was calculated with the incorrect number of shares in issue. This notification shows the adjusted percentage of Jupiter's holding.

14. Contact name:

Shannon Craddock

15. Contact telephone number:

0207 314 4775