Holding(s) in Company

For filings with the FSA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTERESTIN SHARES

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

Elephant Capital Plc

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

X

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):

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

First State Investment Management (UK) Limited

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

Vidacos Nominees Limited as nominee for First State Global Emerging Markets Fund, sub-fund of First State Investments ICVC 

Vidacos Nominees Limited as nominee for First State Asia Pacific Fund, sub-fund of First State Investments ICVC

State Street Bank and Trust as nominee for Lloyds TSB Pension Scheme Company 

Vidacos Nominees Limited as nominee for Colonial First State Wholesale Global Emerging Markets Fund

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

29th March 2007 

6. Date on which issuer notified:

29th September 2009

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

20%

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

GB00B14VJG46

9,378,400

9,378,400

9,370,900

9,370,900

18.74%

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

Equity Uncovered American Call

31/05/2012

Any time up to exercise date.

1,783,500

3.567%

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

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

11,154,400

22.309%

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

First State Investment Management (UK) Limited is appointed as investment manager by and entitled to exercise voting rights on behalf of the underlying funds.

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:

14. Contact name:

Eiladh Royden

15. Contact telephone number:

+44 131 473 2208