Holding(s) in Company

Cholet Investments plc

("Cholet" or the "Company")

The Company announces that following a purchase of 50,000 ordinary shares in the capital of the Company ("Ordinary Shares") on 10 May 2011, Mrs Julie Ann Wragg is beneficially interested in a total of 126,000 Ordinary Shares, equivalent to 6 per cent. of the Company's issued share capital.

List of Contacts:

Development Capital Management

Andy Gardiner

Tom Pridmore

020 7355 7600

Merchant Securities Limited

(Nominated Adviser and Broker)

Bidhi Bhoma/Simon Clements

020 7628 2200