Holding(s) in Company

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

Alpha Pyrenees Trust Limited

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

An acquisition or disposal of voting rights 

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

Rensburg Sheppards Investment Management Limited

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

N/A

5. Date of the transaction (and date on which the threshold is crossed or reached if different)

16 January 2009

6. Date on which issuer notified:

20 January 2009

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

12%

8. Notified details:

Nominee Holdings

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

Ordinary NPV

Shares

(GB00B0P6FY18)

13,280,700

13,280,700

14,275,155

12.15%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument 

Expiration date

Exercise/ Conversion Period/ Date

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

% of voting rights

Total (A+B)

Number of voting rights

% of voting rights

14,275,155

12.15%

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

Client holdings registered in the name of nominee companies 100% owned by Rensburg Sheppards Investment Management Limited

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:

N/A

14. Contact name:

Serena Tremlett, For Morgan Sharpe Administration Limited as Secretary

15. Contact telephone number:

01481 735541