2nd May 2007 13:24
Prodesse Investment Limited02 May 2007 TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to whichvoting rights are attached (ii): Prodesse Investment Limited 2. Reason for the notification (please state Yes/No): ( ) An acquisition or disposal of voting rights: (Yes) An acquisition or disposal of financial instruments which may result in theacquisition of shares already issued to which voting rights are attached: (No) An event changing the breakdown of voting rights: (No) Other (please specify) : 3. Full name of person(s) subject to the notification obligation (iii): Funds under the discretionary management of Laxey Partners Limited 4. Full name of shareholder(s) (if different from 3.) (iv): Credit Suisse Securities (Europe) Limited Prime Brokerage Clients andCredit Suisse Securities (USA) LLC 5. Date of the transaction (and date on which the threshold is crossed orreached if different) (v): N/A 6. Date on which issuer notified: 1 May 2007 7. Threshold(s) that is/are crossed or reached: Over 14% 8. Notified details: N/A A: Voting rights attached to shares Class/type of shares if Situation previous to the Triggering transaction (vi)possible using the ISINCODE GB00B06FN106 Number of shares Number of voting Rights (viii) Nil Nil Resulting situation after the triggering transaction (vii) Class/type of shares if Number of Number of voting % of votingpossible using the ISIN shares rights (ix) rightsCODE GB00B06FN106 Direct Direct (x) Indirect Direct Indirect (xi) 4,205,000 4,205,000 14.93% B: Financial InstrumentsResulting situation after the triggering transaction (xii) Type of Expiration Exercise/ Number of voting rights that may % offinancial Date Conversion be acquired if the instrument is votinginstrument (xiii) Period/ Date exercised/ converted. rights (xiv) Total (A+B) Number of voting rights % of voting rights 4,205,000 shares 14.93% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable (xv):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: Michael Allison 15. Contact telephone number: +44 (0) 1624 690900 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Predator Oil